Station70, a trusted recovery infrastructure for cryptocurrency assets, has successfully completed its seed funding round, raising $5 million, according to Foresight News. The funding round was led by Castle Island Ventures, with participation from Fireblocks, CoinShares and SCB 10X.
In addition to the funding news, Station70 also launched Bunker, a service that provides critical backup and recovery services for institutions in the cryptocurrency industry. This service aims to increase 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 underscore 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.