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#Galaxy Digital Backs $5.25 Million Round for Blockchain Staking Startup



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19th March 2019,


Blockchain staking startup Bison Paths has raised $5. twenty-five million in a series seed funding round supported by Mike Novogratz’s Universe Digital.

Announcing the information on Friday, Bison Paths said the round was led by Accomplice and Initialized Capital, with Taking note Capital, Homebrew, Distributed Worldwide and Charge Ventures and other angel investors also taking part.

The newest York-based firm did not provide specific details about how precisely it plans to utilize the funding, other than “to underscore our mission. ”

Founded in 2009, Bison Paths aims to permit a future where blockchain participation is “easy, more transparent, and truly decentralized. ”

The particular firm allows clients to launch “highly-available, and geographically distributed” nodes on blockchain networks, and offers facilities solutions, including staking, validating, voting, transacting and acquiring blockchain protocols.

“The facilities that we’re building today will pave the way to have an entire generation of new decentralized companies, services, and participants to accessibility blockchain economies and systems, ” Bison claims. The platform will launch in “coming weeks” to earlier partners.
Staking – helping a network by keeping its tokens and working a node for rewards – is a use case that has already been drawing attention from investors in recent months.

Back in January, blockchain staking-as-a-service new venture Staked raised $4. 5 million in a seed round directed by blockchain investment firm Pantera Capital. Staked offers institutional investors with the technical infrastructure for non-custodial staking services. Other participants in Staked’s seed round included Coinbase Ventures, Global Brain, Digital Currency Group, Winklevoss Capital, Fabric Ventures and Block tree Capital.


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