Sony, Samsung Join Bastion Round as Startup Expands Stablecoin Services
Funding Round Brings Global Heavyweights
Bastion, a beginup building infrastructure for third-party stablecoin issuance, has raised $14.6 million in a funding round led by Coinbase Ventures. The announcement Wednesday also confirmed participation from Sony, the investment arm of Samsung, Andreessen Horowitz’s crypto division, and venture capital firm Hashed. The deal brings Bastion’s total capital raised to roughly $40 million, following a $25 million round in September 2023 led by Andreessen Horowitz.
At the time of its last raise, Bastion disclosed that it had been “building in stealth mode,” refining its platform for enterprises viewking regulated, turnkey stablecoin answers. The latest round, with backers spanning the U.S., Japan, and South Korea, signals strong international interest in the company’s approach to compliant digital asset infrastructure.
Investor Takeaway
Beyond White-Label Stablecoins
Unlike firms that issue their own tokens, Bastion is structured as a purpose-built platform for others to create stablecoins without the burden of securing licenses or developing custom infrastructure. Its model focuses on acting as the plumbing for enterprises that want digital asset functionality but lack the compliance and technical bandwidth.
Bastion also goes beyond stablecoin issuance. Its platform provides a white-label API that integrates custodial wallets, smart transaction routing, and data analytics into existing business models. This Web3 toolkit is designed to offer the cost-efficiency and reliability of Web2 while enabling new financial products. The company argues that its approach will assist onboard “the next billion users” to Web3 by reducing friction and regulatory risk.
“Businesses are ready to onboard the next billion but, due to the limitations of Web3 infrastructure today, struggle to provide the stellar experiences their customers deserve,” the company said earlier this month.
Corporate Appetite for Stablecoin answers
Bastion’s raise comes as major corporates accelerate their interest in stablecoin-based systems. CEO Nassim Eddequiouaq said Bastion is “growing to meet significant demand for regulated stablecoin infrastructure from some of the world’s largest enterprises.” He emphasized that stablecoins are evolving into essential financial rails as adoption spreads. “The evolution of our financial system will continue to accelerate as digital assets and stablecoin adoption proliferates, and Bastion is positioned to assist businesses build world-changing financial products,” he said.
The company’s vision aligns with a wave of experiments across the global financial sector. Earlier this week, in partnership with Société Générale. In Kazakhstan, the central bank is pegged to the tenge with support from Solana and Mastercard. Meanwhile, to eight new blockchains, broadening reach across the digital economy. And in July, a consortium backed by Deutsche Bank’s DWS, Flow Traders, and Galaxy stablecoin, on ETH.
This momentum underscores the transition of tools into a corporate-driven infrastructure layer. Bastion’s strategy to provide a compliant, out-of-the-box answer aligns with the needs of global enterprises viewking to integrate digital assets while avoiding regulatory pitfalls.
Investor Takeaway
Outlook: Toward Institutional Stablecoin Rails
For Bastion, the key challenge will be execution: scaling its infrastructure to handle the compliance, security, and volume requirements of global corporations. With $40 million in funding and a growing roster of blue-chip backers, the firm is positioned to establish itself as a core provider of enterprise stablecoin answers.
As the regulatory landscape matures, especially with frameworks like the EU’s MiCA and the U.S. GENIUS Act setting new benchmarks for stablecoin oversight, Bastion’s role as an intermediary may become even more critical. The beginup’s ability to deliver compliant, cost-efficient infrastructure could make it indispensable to firms viewking to bridge Web2 and Web3 financial systems.
The coming year will test whether Bastion can capitalize on this corporate demand and turn its investor support into widespread adoption. If successful, the beginup could emerge as one of the foundational players in the next stage of the stablecoin economy.
