Description.
Bastion is a regulated stablecoin infrastructure solution for enterprises and institutions, providing everything needed to issue, hold, and use stablecoins within an ecosystem. The company was founded in 2013 (per CB Insights) by Nassim Eddequiouq (CEO) and Caroline Friedman (COO), building infrastructure from the ground up with compliance at its core. Bastion operates a New York Limited Purpose Trust Company supervised by NYDFS (stablecoin issuance application pending) and is a registered MSB with broad MTL coverage across the US (NMLS ID: 2523302). Notable customers include Sony Bank, which selected Bastion as its sole infrastructure provider for entering the US stablecoin and digital asset market. The company has raised over $40 million in total funding, with a $14.6M strategic round led by Coinbase Ventures, with participation from Sony Innovation Fund, a16z crypto, Samsung Next, and Hashed.
Bastion provides Stablecoin-as-a-Service enabling enterprises to launch and manage white-labeled stablecoins with end-to-end regulatory compliance, reserve and liquidity management, and smart contract management via APIs. The platform is stablecoin-agnostic, supporting both proprietary issuance and integration with existing stablecoins (USDC, USDT, etc.) across multiple blockchains including Base, Ethereum, and EVM-compatible chains. Bastion uses AWS Nitro Enclaves and cloud HSMs for secure key management with quorum approvals, eliminating single points of failure and providing verifiable security for enterprise digital asset operations. The company holds AICPA SOC 2 Type 1 compliance and FINcen certification, with debit cards and centralized crypto lending features currently in private beta.
Key Infrastructure.
Stablecoin-as-a-Service
Launch and manage regulated white-label stablecoins end-to-end with reserve and liquidity management, compliance licensing, KYC/KYB, AML support, and smart contract management APIs.
Bastion Custody
Offer secure, compliant custodial wallets without building custody in-house, with API integrations for fast launch, bankruptcy-remote custody under regulated MSB + MTL coverage, and Bastion-handled compliance/key management/policy enforcement.
On-ramp and Off-ramp
Seamlessly move between fiat and stablecoin deposits/withdrawals with Bastion's stablecoin-agnostic platform supporting both proprietary and third-party stablecoins, built-in compliance, and multi-currency support with no third-party integrations required.
Debit Cards
Spend digital assets with branded stablecoin-linked debit cards (coming soon), enabling enterprises to offer Visa-branded cards to their ecosystem users with Bastion handling compliance and card infrastructure.
Treasury Management
Turn idle balances into working capital with instant settlement across accounts, entities, and jurisdictions, capturing yield on reserves and eliminating banking delays.
In-network Settlement
Unlock direct payments between users, suppliers, partners, or creators without money leaving your network, powering loyalty programs and encouraging repeat spending within the ecosystem.
Additional Features.
Compliance-as-a-Service
Bastion handles KYC, AML, and risk management so teams can scale stablecoin infrastructure without additional regulatory overhead, with built-in licensing and compliance frameworks.
Quorum Approvals
Bastion uses quorum approvals with cloud HSMs where multiple people must sign off on new builds before upgrading the stack, preventing any single person from controlling hardware security modules.
AWS Nitro Enclaves
Engineers design with zero blind trust using Nitro enclaves, cloud HSMs, and quorum approvals to eliminate single points of failure and raise the bar for enterprise security.
SOC 2 & NYDFS Part 500
Transitioning to a cloud-based HSM system requiring strong logical/physical access controls, continual monitoring, time-bound access logging, and rapid incident responses to meet enterprise risk frameworks.
Multi-Currency Support
Bastion supports both proprietary stablecoin issuance and integration with existing stablecoins, enabling enterprises to issue their own or leverage someone else's across multiple fiat currencies.
API-First Architecture
Issue, transfer, and redeem stablecoins with built-in compliance all from a single REST API, with endpoints for account creation, identity verification, minting, and cross-rail transfers.
