According to Foresight News, Station70, a trusted recovery infrastructure for cryptocurrency assets, has successfully completed a seed funding round, raising $5 million. The funding round was led by Castle Island Ventures, with participation from Fireblocks, CoinShares, and SCB 10X.
In addition to the funding news, Station70 has also launched Bunker, a service that provides key backup and recovery services for institutions in the cryptocurrency industry. This service aims to enhance the security and reliability of digital asset transactions, ensuring that institutions can safely manage and recover their cryptocurrency assets if necessary.
The successful funding round and the launch of Bunker underline Station70's commitment to providing robust and secure infrastructure for the growing cryptocurrency market. The funds raised will be used to further develop their services and expand their reach in the industry.