Station70 launched Bunker, the first product in its disaster recovery and business continuity suite for institutional cryptocurrency firms, and secured a $5 million seed round. Bunker provides a wallet-agnostic, zero-knowledge key backup and recovery solution that is agnostic to protocols, blockchains, and wallet providers. The product offers geographically configurable backups, beyond-industry-standard security and cryptography, integration with institutional wallet providers, read-only auditor and regulator access, and failover wallets to minimize single-counterparty risk. Station70 positions its services to help firms meet security and regulatory requirements and offers hosting options in numerous jurisdictions. The company said it will add additional wallet integrations this year to expand compatibility. Founders Adam Healy (former CISO at Bakkt and BlockFi) and Dr. Adam Everspaugh (former cryptographer at Coinbase) built the platform based on their institutional crypto experience.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2024