Share this article
Galaxy Digital Backs $5.25 Million Round for Blockchain Staking Startup
Blockchain staking startup Bison Trails has raised $5.25 million in a series seed funding round backed by investors including Galaxy Digital.
Updated Sep 13, 2021, 8:59 a.m. Published Mar 19, 2019, 9:00 a.m.
Make us preferred on Google
Blockchain staking startup Bison Trails has raised $5.25 million in a series seed funding round backed by Mike Novogratz's Galaxy Digital.
Announcing the news on Friday, Bison Trails said the round was led by Accomplice and Initialized Capital, with Notation Capital, Homebrew, Distributed Global and Charge Ventures and other angel investors also taking part.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The New York-based firm did not provide specific details on how it plans to utilize the funding, other than “to underscore our mission.”
Founded last year, Bison Trails aims to enable a future where blockchain participation is “easy, more transparent, and truly decentralized.”
The firm allows clients to launch "highly-available, and geographically distributed" nodes on blockchain networks, and offers infrastructure solutions, including staking, validating, voting, transacting and securing blockchain protocols.
"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," Bison claims. Its platform will launch in "coming weeks" to early partners.
Staking – supporting a network by holding its tokens and running a node for rewards – is a use case that has been drawing attention from investors in recent months.
Back in January, blockchain staking-as-a-service startup Staked raised $4.5 million in a seed round led by blockchain investment firm Pantera Capital. Staked offers institutional investors with the technical infrastructure for non-custodial staking services. Other participants in Staked's seed round included Coinbase Ventures, Global Brain, Digital Currency Group, Winklevoss Capital, Fabric Ventures and Blocktree Capital.
U.S. dollars image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
XRP drops 4% as traders watch whether $1.88 support holds
Price stabilizes near recent lows after a volatile pullback from above $2.
What to know:
- XRP slipped nearly 4% as bitcoin fell below $88,000, with price action driven more by market structure and positioning than by changes to Ripple’s fundamentals.
- Spot XRP ETFs saw about $40.6 million in weekly outflows, suggesting institutional profit-taking and rotation rather than a loss of confidence in the asset.
- XRP remains range-bound in a tight consolidation between support around $1.88 and resistance near $1.93–$1.95, with fading volume pointing to a larger move once the current stalemate resolves.
Top Stories
