Today, I’m proud to share that Bastion has closed a $14.6 million strategic funding round, bringing our total funding to over $40 million.

This comes at a pivotal moment. The GENIUS Act, the first U.S. stablecoin law, set clear rules for issuance and custody, giving enterprises confidence to adopt. We built Bastion with this future in mind, securing a regulated trust charter and building the rails businesses need, including issuance, custody, and banking integrations.

The Forces Driving This Moment

Three forces have aligned to create this inflection point:

• Regulations: Until recently, there was no clear support for stablecoins in enterprise business: no federal statute, unclear bank participation, and punitive reporting rules. Those gaps have closed with updated guidance and the GENIUS Act passing.
• Enterprise value and demand: Now large fintechs and enterprises want to leverage the value of stablecoins for global money movements and other inefficiencies.
• Technology: Bastion is building stablecoin infrastructure that works end-to-end or modularly, making stablecoins easier for enterprises to use. This includes issuance, secure custodial wallets, and reliable on- and off-ramps backed by Bastion’s NYDFS trust charter and money transmitter licenses across the states that require them.

We believe the future of money is stablecoins. With clear regulation, rising business demand, and the right infrastructure, they are moving from concept to cornerstone of global finance.

Our Foundation

Bastion has spent years preparing for this: acquiring money transmitter licenses in dozens of states, building banking integrations, securing a New York Trust charter, and bolstering our team with several key hires, including:

• Vince Tejada, who joined from Ripple to lead Treasury and Strategic Finance
• Beth Gibson, our General Counsel, and Rohan Kohli, our Chief Risk and Compliance Officer, to fortify legal and regulatory aspects through their decades of experience

With experience from Ripple, a16z, and decades in compliance and finance, our leadership team is focused on enabling enterprises to approach stablecoin adoption with a long-term perspective. Now, Bastion is positioned, to drive stablecoin innovation for large enterprises at this critical moment.

The Funding Round and Our Partners

We’re preparing to launch branded stablecoins initiatives globally, and powering integrations for some of the world’s largest companies. This strategic funding round, led by Coinbase Ventures with participation from Sony Innovation Fund, Samsung NEXT, a16z crypto, and Hashed, will expand our platform and enable more enterprises, fintechs, and others to launch and scale efficient, compliant, white-labeled stablecoins.

Our investors bring more than capital, they connect Bastion to teams eager to integrate stablecoins into their global ecosystems. Coinbase has been a powerful partner, providing leading infrastructure across custody, trading, and USDC. Backing from companies like Sony and Samsung signals growing mainstream adoption and shows that stablecoins are moving beyond early experimentation into real-world financial solutions.

What this Means for Enterprise

This funding fuels Bastion's work to enable enterprises to issue branded stablecoins through our regulated infrastructure. As an NYDFS limited purpose trust company with issuance capabilities pending final approval, we’re positioned to serve as the legal issuer and to manage the regulatory, financial, technical, and operational requirements so businesses can focus on distribution across their ecosystems and partner networks. This structure introduces new revenue from reserves, improves liquidity management, and deepens customer engagement.

Everything we’ve built at Bastion has prepared us to support the world’s largest companies in their stablecoin journey, including issuance, custody, and utility.

Stablecoins as the Settlement standard

Bastion’s vision is to provide the tools that enable people and institutions to change the world. Today, financial systems are fragmented across TradFi, DeFi, and CeFi. To make them accessible, we must first unify them under a single, neutral settlement standard.

We believe stablecoins are that standard.

Because stablecoins serve as the connective tissue of finance, there is a scalable path is for businesses to have access to the best financial tools by owning the full lifecycle: issuance, custody, and utility.

This strategic fundraise focuses on strengthening our enterprise-grade solution covering the stablecoin journey and building strategic relationships that accelerate integrations of stablecoins into institutions.

Embracing This Moment By Looking Back

Five years from now, we will look at this moment as the critical inflection point. Reasons include but aren’t limited to Bastion as a company with its strategically enhanced leadership and mission to empower businesses with the best financial tools. We’ll also see this as the moment when the stablecoin industry gained access to regulated issuance, custody, and utility in the United States, creating new opportunities for enterprises to benefit from reserve economics and liquidity management–all the leading economics of banks without the overhead of becoming a bank.