Bison Trails Completes $25.5M Series A Led by Blockchain Capital

Bison Trails, a New York-based enterprise-grade Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term infrastructure provider that is also a member of the Libra Libra Libra is a yet-to-be-released cryptocurrency proposed by Facebook, Inc., that will aim to serve as a global payment system and a stable financial infrastructure that people across the world can use. The projected release date of the libra cryptocurrency is currently slated for 2020, while the project is currently being managed by the Libra Association.Headquartered from Geneva, Switzerland, the Libra Association main purpose is founded on three pillars.This includes the provision of a framework Libra is a yet-to-be-released cryptocurrency proposed by Facebook, Inc., that will aim to serve as a global payment system and a stable financial infrastructure that people across the world can use. The projected release date of the libra cryptocurrency is currently slated for 2020, while the project is currently being managed by the Libra Association.Headquartered from Geneva, Switzerland, the Libra Association main purpose is founded on three pillars.This includes the provision of a framework Read this Term Association, announced today that it had completed a Series A funding round of financing to the tune of $25.5 million.

The round was led by Blockchain Capital; the list of participants also included Kleiner Perkins and Coinbase Ventures, joined by Collaborative Fund, A Capital, ConsenSys, and Sound Ventures. Early investors included Initialized, Accomplice, Galaxy Digital, and Notation.

”Crypto networks will continue to move towards active network participation models... further reinforcing the need” for solutions similar to Bison Trails

Bison Trails describes itself as a company that “removes the need for customers to spend resources on developing in-house security, DevOps, infrastructure, and blockchain protocol engineering competencies by providing a robust infrastructure for deploying participation node clusters on any protocol.” Thereby, the company claims to “lower the barriers to participating in a decentralized ecosystem.”

Emilie Choi, COO of Coinbase, said that “the team at Bison Trails shares our long-term vision of advancing the crypto ecosystem towards delivering massive utility at a global scale. Reliable, easy to use blockchain infrastructure is a prerequisite to achieving this end state.”

“We believe crypto networks will continue to move towards active network participation models (i.e., staking, voting, signaling, etc.), further reinforcing the need for solutions such as those that Bison Trails provides… Coinbase Ventures is happy to support mission-aligned founders like Bison Trails, as we collectively work towards expanding the crypto-economy."

Brad Stephens, Co-founder & Managing Partner of Blockchain Capital, said of Bison Trails that “new protocols and next-generation crypto networks involve active participation by investors, end-users and partners. Bison Trails’ Blockchain Infrastructure-as-a-Service platform makes this easy for all stakeholders.”

Bison Trails remained in Libra as a number of other founding members dropped out

Bison Trails is one of the remaining members of the Libra Association following the decision of a number of US companies to exit the project last month.

We're proud to be a Founding Member of the Libra Association. We’re deeply committed to lowering the barriers of participation in global financial networks and we're actively working to help the blockchain ecosystem flourish in a responsible manner. https://t.co/KeTMA9E76n

— Bison Trails (@BisonTrails) October 15, 2019

Booking.com, Visa, Mastercard, eBay, Stripe, and Mercado Pago all made the decision to withdraw from Libra; while the reasons for the withdrawals were not entirely clear, the companies are suspected of having been concerned about preserving positive relationships with regulators.

(This article previously stated incorrectly that Bison Trails raised $24.5 million.)