Most up-to-date RecordsdataPublishedSep 19, 2026
Bastion Platforms Nationwide Have confidence Company will offer stablecoin custody and wallets, price infrastructure and white-mark issuance from a single federally regulated entity.
Stablecoin infrastructure provider Bastion mentioned the Place of work of the Comptroller of the Forex (OCC) had granted it preliminary conditional recognition of a US belief bank charter.
The charter provides federal supervision from the OCC to the affirm licenses Bastion already holds, in line with a info commence on Friday. Nonetheless, the proposed bank might presumably well presumably no longer collect deposits or create loans, separating it from a primitive commercial bank.
Licensed as Bastion Platforms Nationwide Have confidence Company, this might maybe presumably well presumably offer stablecoin custody and wallets, price infrastructure and white-mark issuance from a single federally regulated entity.
“Stablecoins accumulate moved from emerging technology into core financial infrastructure, and that requires a different fashioned of belief, governance and regulatory rigor,” mentioned Nassim Eddequiouaq, CEO of Bastion.
The company has been constructing toward federal supervision since acquiring its Unusual York belief charter in February 2025.
Cointelegraph reported in September 2025 that Bastion had raised $14.6 million in a funding spherical led by Coinbase Ventures, with participation by Sony, the funding subsidiary of Samsung, the crypto arm of endeavor capital (VC) firm Andreessen Horowitz and crypto VC firm Hashed.
Ripple has received conditional recognition of a the same charter, whereas Circle and BitGo accumulate received final charter approvals. Kraken parent Payward, crypto infrastructure provider Zerohash and funds company Block accumulate also submitted applications, Cointelegraph has reported.
Linked: Jack Dorsey’s Block seeks US belief bank charter for Bitcoin, stablecoin
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