Bastion has secured $14.6 million in a funding round led by Coinbase Ventures, with contributions from Sony Innovation Fund and Samsung Next. This latest investment brings the stablecoin infrastructure startup's total funding to over $40 million. Bastion aims to scale its Stablecoin-as-a-Service platform, which enables enterprises to issue branded digital dollars without the need for coding or regulatory licenses.
The company, operating under a New York DFS trust charter, provides tools for stablecoin issuance, liquidity, custodial wallets, and fiat on- and off-ramps. Bastion targets multinational enterprises and competes with firms like Paxos and Agora. The startup recently made a bid for Hyperliquid's stablecoin infrastructure, further expanding its market reach.
Bastion Raises $14.6M to Expand Stablecoin Services for Enterprises
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.