Bison Trails, an Oklahoma-based Blockchain startup, has received a sum total USD 5.25 million in a seed round, which is backed by Crypto merchant bank Galaxy Digital. The company said that the round was led by Accomplice and Initialized Capital, with Notation Capital, Distributed Global, Homebrew, and Charge Ventures, in addition to other angel investors. However, the Blockchain-based firm didn’t reveal any specific details regarding the utilization of the fresh capital.
Founded last year, Bison Trails’ Blockchain infrastructure aims to allow a future where Blockchain participation is easy, more transparent, and truly decentralized. It also designed to enable clients a way to launch secure, available and geographically distributed nodes on a participatory blockchain network., and offers infrastructure solutions, including staking, validating, voting, transacting and securing blockchain protocols. The company claims that the infrastructure that we’re building today will pave the way for an entire generation of new decentralized companies, services, and participants to access blockchain economies and networks. Its platform will launch in the coming weeks to early partners.
Early-stage venture capital firm Accomplice has confirmed the news of their leading the co-lead investment in Bison Trails. In a statement, the company stated that established by Joe Lallouz and Aaron Henshaw, Bison Trails is designed to optimize block production and validation and is actively securing a number of protocols including Livepeer, Tezos, and Decred. According to the reports, Galaxy Digital earlier invested in Blockchain security company CipherTrace that reportedly secured USD15 million in venture capital. As a provider of security services for Blockchain platform, CipherTrace designed to develop and advance tools for crypto intelligence, Cryptocurrency Anti-Money Laundering, Cryptocurrency forensics, and Blockchain threat intelligence solutions.