Overview

Bastion provides a platform that helps businesses integrate web3 technology into their existing systems, enhancing digital interactions for their customers. The platform includes features like custodial wallets for secure management of digital assets, smart transaction routing to optimize transaction efficiency, and data analytics to provide insights into customer behavior. Unlike many competitors, Bastion offers a white-label solution that allows organizations to customize the platform to fit their brand without needing extensive development resources. The goal of Bastion is to empower organizations of all sizes to improve their digital capabilities and stay competitive in the evolving digital landscape.

Simplify's Take

What believers are saying

• Increased DeFi interest boosts demand for Bastion's secure custodial wallets.
• Enterprise blockchain adoption creates opportunities for Bastion's white-label solutions.
• Growing data privacy focus enhances need for Bastion's smart transaction routing.

What critics are saying

• Competition from Alchemy and ConsenSys may erode Bastion's market share.
• Cryptocurrency market volatility could slow adoption of Bastion's platform.
• Intensifying regulatory scrutiny may increase compliance costs for Bastion.

What makes Bastion unique

• Bastion offers a compliant, white-label platform for seamless web3 integration.
• The platform includes custodial wallets, smart transaction routing, and data analytics.
• Bastion serves diverse clients, from small businesses to large enterprises.

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Funding

Total Funding

$25M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Andreessen Horowitz

Notable Investors:

Andreessen Horowitz

$25,000,000

Seed

Sep 2023

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$25M