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Bastion, a cryptocurrency startup founded by former executives from Andreessen Horowitz, has recently acquired two money transmitter licenses in New Hampshire and Arkansas, expanding its ability to offer digital asset services in the United States. Startup Bastion, founded by ex-executives from Andreessen Horowitz’s a16z, has successfully secured two money transmitter licenses
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Bastion, a new cryptocurrency startup created by former Andreessen Horowitz (a16z) executives, has secured two money transmitter licenses (MTL) in the United States.Bastion has acquired MTLs in New Hampshire and Arkansas, the first two licenses obtained by the firm, Bastion announced on Oct. 31.The new licenses, granted by the New
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Two former executives from Andreessen Horowitz (a16z)’s crypto division have managed to raise $25 million in seed funding for their newly launched Web3 startup Bastion — despite the recent drought in venture capital funding. On Sept. 18, the new firm, Bastion, announced the launch of its product suite. The firm’s goal
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Investors include Three Arrows Capital, Jump Crypto, FTX Ventures and Jane Street. Source
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Bastion’s rapid growth comes as the core pieces of DeFi infrastructure are being built out on Near. Near, which boasts fewer projects than competing layer 1s such as Ethereum, Avalanche, Solana or Luna, has yet to see a DeFi project hit the $1 billion TVL milestone. Source
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In the legacy financial world, yield has dried up. Yields on U.S. Treasury bonds have never been lower. The 10-year Treasury bond now offers you a less than 0.9% return. At around 2.1%-2.3%, AAA corporate bonds aren’t doing a whole lot better.Knowing this, while also hearing about the Federal Reserve’s
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