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Galaxy Digital Receives 5.25 Million US Dollars for a Blockchain Startup

The blockchain startup Bison Trails raised $ 5.25 million in an initial round of funding with support from Mike Novograz’s Galaxy Digital.

Announcing the news on Friday, Bison Trails said that the round was led by Accomplice and Initialized Capital, which also included Notation Capital, Homebrew, Distributed Global and Charge Ventures and other angel investors.

The New York firm did not provide specific information about how it plans to use the funding, except to “support our mission.”

Founded last year, Bison Trails seeks to create a future where participation in the blockchain is “ easier, more transparent and truly decentralized .”

The company allows clients to run “high-available and geographically distributed” nodes in blockchain networks and offers infrastructure solutions, including rate determination, validation, voting, transactions, and protection of blockchain protocols.

“The infrastructure we are creating today will pave the way for a whole generation of new decentralized companies, services and members to access blockchain economies and networks,” says Bison.

Its platform will be launched in the coming weeks for first partners.

The breakdown — supporting the network by holding its tokens and launching a reward node — is an example of use that has attracted investor attention in recent months.

Back in January, Staked raised $ 4.5 million . During the initial round, led by investment company Pantera Capital. Staked offers institutional infrastructure technical infrastructure for non-custodial services. Other participants in the initial Staked round were Coinbase Ventures, Global Brain, Digital Currency Group, Winklevoss Capital, Fabric Ventures and Blocktree Capital.

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