The competition to power the next wave of stablecoins is accelerating, with Bastion quickly emerging as a serious player.
The startup, which recently stepped out of stealth mode, has secured two funding rounds in just weeks — most recently $14.6 million led by Coinbase Ventures. Sony, Samsung’s venture arm, Andreessen Horowitz’s crypto division, and Hashed also participated. Earlier this month, Andreessen Horowitz alone led a $25 million raise.
Unlike issuers launching their own tokens, Bastion focuses on the underlying infrastructure. Its white-label platform lets corporations issue stablecoins and integrate Web3 features without building compliance and settlement systems from scratch. The service includes custodial wallets, transaction routing, and analytics designed to match the reliability of traditional software stacks.
CEO Nassim Eddequiouaq says demand from major enterprises is already strong, with companies looking for compliant ways to enter digital finance. Bastion’s model aims to bridge that gap, enabling firms to deploy tokenized money while meeting regulatory expectations.
The startup’s rise comes as global interest in stablecoins grows rapidly. PayPal has expanded its dollar token across multiple blockchains, Société Générale is piloting a regulated coin in Europe, and Kazakhstan is testing a local-currency stablecoin with Solana and Mastercard. Meanwhile, a euro-pegged project backed by Deutsche Bank’s DWS, Flow Traders, and Galaxy Digital has launched on Ethereum.
With major corporations and governments moving into the space, Bastion’s quick leap from stealth to multimillion-dollar backing underscores how crucial stablecoin infrastructure is becoming in the financial system.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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Source: https://coindoo.com/startup-bastion-attracts-14-6m-to-power-next-gen-stablecoin-issuers/
