<![CDATA[<figure class="image"><img src="https://cimg.co/news/125183/330699/startup-investment.jpeg" srcset="" width="" class="content-img" alt=""><figcaption>Source: Adobe / terra.incognita</figcaption></figure><p>Crypto startup Bastion has raised $25 million in a funding round led by venture giant Andreessen Horowitz&rsquo;s crypto arm, a16z crypto.</p><p>Also joining the round was several prominent venture capital firms like Nomura&rsquo;s Laser Digital, Alchemy, Robot Ventures, crypto influencer Packy McCormick&rsquo;s Not Boring Capital, and others, the firm announced in a thread on social media platform X on Monday.</p><figure class="media"><oembed url="https://twitter.com/BastionPlatform/status/1703801858534539689"></oembed></figure><p>Notably, the startup has also gotten Stanford professor Dan Boneh and David Marcus, the former head of Facebook&rsquo;s Libra stablecoin project, on board as advisors.</p><p>In addition to having prominent firms backing it, Bastion&rsquo;s two co-founders, Nassim Eddequiouaq and Riyaz Faizullabhoy, are also considered heavyweights in the crypto industry, with experience from crypto bank <a href="https://cryptonews.com/tags/anchorage-digital/">Anchorage Digital</a> and later from senior positions at a16z crypto.</p><h2 id="a-holistic-crypto-platform">A &lsquo;holistic&rsquo; crypto platform</h2><p>Sharing more details about the new project on X, Bastion&rsquo;s Faizullabhoy said the focus has been on building a &ldquo;holistic platform&rdquo; for Web3 that is &ldquo;more than just a wallet.&rdquo;</p><p>&ldquo;So we built Bastion, a web3 orchestrator that enables organizations to offer the next generation of on-chain and off-chain products,&rdquo; Faizullabhoy, who is a former chief technology officer (CTO) at venture firm a16z Crypto, said.</p><figure class="media"><oembed url="https://twitter.com/riyazdf/status/1703803105920561183"></oembed></figure><p>Bastion will from the beginning be a comprehensive crypto suite that offers a custodial wallet API solution, smart transaction routing, as well as a user analytics and insights dashboard.</p><h2 id="making-web3-safe-and-accessible-for-all-industries">Making Web3 safe and accessible for all industries</h2><p>Commenting on the investment in Bastion, Andreessen Horowitz general partner Arianna Simpson wrote in a blog <a href="https://a16zcrypto.com/posts/announcement/investing-in-bastion/">post</a> that Bastion &ldquo;helps companies seamlessly integrate web3 infrastructure into enterprise technologies through a compliant, white-label platform.&rdquo;</p><p>&ldquo;We believe in Nass and Riyaz&rsquo;s vision of making web3 safe and accessible for companies in every industry and are extremely excited to support them in making it a reality,&rdquo; the a16z general partner added.</p>
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Bastion, Co-Founded by Former a16z Crypto Leaders, Raises $25M to Drive Web3 Adoption

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