Galaxy Digital Invests $5.25 Million USD In Blockchain Startup Bison Trails
Bison Trails, a new blockchain startup, was able to secure a hefty investment from Galaxy Digital, a crypto-focused fund created by Michael Novogratz. The company received an investment of $5.25 million USD from the company in its seed funding round.
Other important companies which invested in the round were Accomplice, Initialized Capital, Distributed Global and Charge Ventures, Homebrew and Notation Capital. Despite investing so much money, the round was not led by Galaxy Digital, but by Accomplice and Initialized Capital instead.
At the moment, the blockchain-based company, which is set in New York City, did not provide any more details about how the money would be used. However, the official reports said that the money will be employed to “underscore our mission”.
About Bison Trails
The company was created last year and its main goal is to create a future in which the participation of the people on the blockchain is more transparent, decentralized and easy to access. The company was founded by Joe Lallouz and Aaron Henshaw.
What the company actually does is to offer support for clients who wanted to set up blockchain nodes and offer infrastructure solutions to these people, as well as other important activities like providing validation for the platform, staking and securing the network against all kinds of attacks.
According to the official release of the company, the infrastructure that is currently being created by this company will “pave the way” for the new generation of the blockchain and several new services and products will be created soon with the partners of Bison Trails.
For instance, the staking services of the company, in special, were highlighted by the press release as a use case that is been drawing the attention of many investors and is currently one of the most sought services of Bison Trails.