Crypto asset recovery project Station70 recently announced the completion of a $5 million seed round of financing, led by Matt Walsh and Castle Island Ventures, with participation from Notation Capital, Semantic Ventures, SCB 10X, and CoinShares.
At the same time, Station70 announced the launch of its first product, Bunker. This is a disaster recovery platform for crypto assets that aims to simplify private key backup and recovery (KBR).
In the next few weeks, Station70 will test Bunker with multiple customers to provide a generally available version. It is reported that Station70 is an institutional-grade recovery infrastructure for self-custody of crypto assets, and its partners include Fireblocks and others.