Bastion

Bastion is a regulated stablecoin infrastructure platform founded in 2023 and headquartered in New York City. The company operates as a financial institution — Bastion Platforms Trust Company, LLC — chartered as a New York Limited Purpose Trust Company (LPTC) supervised by NYDFS, with a pending application to issue stablecoins. It is also registered as a Money Service Business (MSB) with FinCEN (NMLS ID: 2523302) and holds broad Money Transmitter License (MTL) coverage across the US. The platform has raised over $40 million in total funding, backed by Coinbase Ventures, a16z, Sony Innovation Fund, Samsung Next, and Hashed.

Bastion's core mission is to enable enterprises and financial institutions to issue, custody, on/off-ramp, and use stablecoins within their own ecosystems — providing a full "stablecoin stack" through a single API-first platform.

Core Products/Services

Bastion's platform covers four major functional areas:

• Stablecoin Issuance (Stablecoin-as-a-Service): End-to-end white-label stablecoin issuance and management, including smart contract management, minting and burning APIs, reserve and liquidity management, and built-in compliance (KYC/KYB, AML).
• Custody: API-integrated, regulated custodial wallet infrastructure that allows enterprises to offer branded custodial wallets without building custody in-house. Includes bankruptcy-remote custody with MSB and MTL coverage, key management, and policy enforcement.
• On-ramp and Off-ramp: Seamless fiat-to-stablecoin and stablecoin-to-fiat conversion APIs with built-in compliance and multi-currency support, requiring no third-party integrations.
• Compliance-as-a-Service: KYC, AML, and risk handling embedded into the platform, enabling enterprises to scale stablecoin operations without additional regulatory overhead.

Key Strengths

• Fully regulated infrastructure: NYDFS Trust Charter, FinCEN MSB registration, MTL coverage, SOC 2 Type 1 certified
• API-first design enabling fast enterprise integration
• Stablecoin-agnostic: supports both proprietary and third-party stablecoins (e.g., USDC)
• Built by veterans from Meta, Ripple, Western Union, Zero Hash, and Paxos
• Compliance built in at the infrastructure level, reducing regulatory burden for clients

Notable Clients/Projects

• Sony Bank: Selected as sole infrastructure provider for Sony Bank's stablecoin initiative entering the US market (December 2025)
• Enterprise and institutional clients leveraging treasury management, money movement, and in-network settlement use cases

Why Choose Bastion

Bastion provides one of the few fully regulated, end-to-end stablecoin infrastructure platforms available to enterprises and financial institutions. By handling licensing, KYC/AML compliance, custody, and money movement in a single platform, Bastion eliminates the complexity of assembling and managing multiple regulatory and technology partners. The platform enables institutions to launch stablecoin programs rapidly while meeting the highest regulatory standards.