New York · Coinbase · Cointelegraph
Bastion clinches conditional OCC approval for national trust bank charter
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Bastion Platforms National Trust Company will offer stablecoin custody and wallets, payment infrastructure and white-label issuance from a single federally regulated entity.
Key facts
- In September 2025 that Bastion had raised $14.6 million in a funding round led by Coinbase Ventures, with participation by Sony, the investment subsidiary of Samsung, the crypto arm of venture
- The company has been building toward federal supervision since acquiring its New York trust charter in February 2025
- Bastion Platforms National Trust Company will offer stablecoin custody and wallets, payment infrastructure and white-label issuance from a single federally regulated entity
- Licensed as Bastion Platforms National Trust Company, it will offer stablecoin custody and wallets, payment infrastructure and white-label issuance from a single federally regulated entity
Summary
Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a US trust bank charter. The charter adds federal supervision from the OCC to the state licenses Bastion already holds, according to a news release on Friday. “Stablecoins have moved from emerging technology into core financial infrastructure, and that requires a different standard of trust, governance and regulatory rigor,” said Nassim Eddequiouaq, CEO of Bastion.