Security Token Group, Inc. announced that it has received $3 million in its Series A round of funding led by Blue Bay Ventures on May 18, 2022. The transaction included participation from Blizzard the Avalanche Fund LP, a fund managed by Ava Labs, Inc., Investment Arm, new investor, Exodus Movement, Inc. and about a dozen individuals from the Miami tech community, including Ted Lucas, Marc Powers and an FIU professor, and Tyler Wagner.