Bastion

Bastion

White-label web3 platform with custodial wallets

Overview

Bastion offers a white-label platform that helps enterprises add web3 capabilities to their existing tech stack. It includes custodial wallets for secure asset management, smart transaction routing to optimize costs and speeds, and data analytics to turn digital interactions into insights. The product is designed for organizations of all sizes and integrates with current systems, so no heavy in-house development is needed. Bastion differentiates itself by providing a compliant, turnkey solution for on-chain and off-chain customer interactions, aimed at large and small clients alike who want to offer seamless digital experiences. The goal is to help businesses unlock the potential of digital interactions by making web3 infrastructure easier to adopt and manage.

Significant Headcount Growth

About Bastion

Simplify's Rating
Why Bastion is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Crypto & Web3

Company Size

51-200

Company Stage

Early VC

Total Funding

$39.6M

Headquarters

New York City, New York

Founded

2023

Get referred to Bastion

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Dotfile partnered with Bastion on January 27, 2026 for enterprise stablecoin AML.
  • Sony Bank partnered with Bastion in 2026 for a U.S. dollar stablecoin.
  • Enterprise brands want branded stablecoins for payments and treasury, expanding Bastion's sales pipeline.

What critics are saying

  • Bastion's stablecoin issuance application remains pending as of July 2026 disclosures.
  • Circle, Ripple, and banks can outspend Bastion on distribution, compliance, and liquidity.
  • A single NYDFS enforcement action or charter restriction could freeze Bastion's core product.

What makes Bastion unique

  • NYDFS-chartered Dibbs Trust Company gives Bastion regulated issuance credibility since February 2025.
  • Bastion targets enterprise white-label stablecoins, not consumer wallets, simplifying brand-controlled launches.
  • Sony, Samsung, and Coinbase Ventures backed Bastion's $14.6 million round in September 2025.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$39.6M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

6%

2 year growth

-1%
Finance Magnates
Apr 28th, 2026
Ex-PayPal chief david Marcus launches stablecoin platform to take on traditional banking rails.

Ex-PayPal chief david Marcus launches stablecoin platform to take on traditional banking rails. Tuesday, 28/04/2026 | 13:33 GMT-7 by Jared Kirui * Lightspark's Grid Global Accounts compete with stablecoin-native platforms like Stripe's Bridge, Agora, and Bastion. * Meta's Libra (later Diem) failed after regulatory pushback, leading to its shutdown in 2022. David Marcus, the former President of PayPal and the executive who led Meta's shelved Libra digital currency project, is making a new push to rebuild banking on stablecoin rails. He now runs Lightspark, which has unveiled an API-based product that gives platforms and AI agents access to dollar accounts, payments and cards on top of Bitcoin and stablecoin infrastructure. The latest offering launch pushes Banking-as-a-Service into the stablecoin era, giving platforms and AI agents access to dollar accounts, payments and cards over Bitcoin-based rails instead of traditional bank stacks. The move marks a new phase in Marcus's long-running effort to make money move like internet data, and it comes as regulators and businesses start to treat stablecoins and agent-driven interfaces as mainstream infrastructure. Onchain BaaS for platforms and agents. According to a Tuesday's post, Marcus explained that the product lets companies offer branded dollar accounts, stablecoin balances, yield, payments and cards, with Bitcoin and stablecoins handling settlement in the background rather than sponsor-bank sub-ledgers. In practical terms, Lightspark's Grid Global Accounts compete most directly with emerging stablecoin-native banking stacks that let platforms embed accounts, payments and yield behind an API. Offerings around Stripe's Bridge, Agora and Bastion, for example, focus on either white-label stablecoin issuance, enterprise stablecoin infrastructure, or stablecoin payments that settle into fiat balances. Lightspark built the accounts on top of its Grid network and Spark, a Bitcoin Layer 2 that supports stablecoin issuance and low-cost transactions while remaining compatible with Lightning. The firm already connects to real-time and domestic payment systems in over 65 countries and works with partners such as Cross River Bank to support 24/7 fiat settlement via RTP, FedNow and multi-rail infrastructure. "Marcus has THE most fascinating back story: Former CEO of PayPal, has moved money traditionally, and is behind Libra at Meta a global bank account and "stablecoin" that regulators pushed back on," Simon Taylor, the Founder of FintechBrainfood observed. "Now this is a global stablecoin bank account distributed through an API, post-GENIUS Act, sold to businesses and machines." Marcus positions the launch as an alternative to classic BaaS architectures built on middleware, card processors and FBO accounts at sponsor banks. He argues that in the legacy model, platforms build user relationships but lose fees and data to intermediaries each time money moves, while under the new model they keep yield, interchange and FX margin alongside transactional intelligence. Regulatory clarity and AI agents shape the timing. Lightspark's announcement leans on a changed regulatory and technology backdrop compared with Marcus's earlier Libra attempt at Meta. Since then, the US GENIUS Act has created a federal framework for payment stablecoins, and MiCA has taken effect in the EU, giving enterprises clearer rules on issuance, reserves and supervision. Meta's Libra project, which Marcus led before it rebranded to Diem, never made it to full launch after intense pushback from regulators and policymakers around the world. Facebook announced Libra in 2019 as a global stablecoin backed by a basket of currencies and governed by the Libra Association, but the plan quickly drew scrutiny from US and European authorities over monetary sovereignty, financial stability and data concerns, prompting high-profile backers such as Visa, Mastercard and PayPal to walk away. Under pressure, the initiative pivoted to a narrower model of single-currency stablecoins and rebranded as Diem, yet it still failed to secure regulatory comfort; by early 2022 the Diem Association agreed to sell its intellectual property and other assets to Silvergate Capital for about 182 million dollars, effectively winding down the project and forcing Meta to shut its linked Novi wallet pilot later that year. Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis. His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl. Education: Bachelor of Commerce degree (Finance option), University of Nairobi * 2779 Articles * 54 Followers

Associated Press
Jan 27th, 2026
Dotfile partners with Bastion to deliver AI-powered AML compliance for enterprise stablecoins

Dotfile, an AI platform for anti-money laundering compliance, has partnered with Bastion, a regulated stablecoin services provider, to deliver enterprise-scale onboarding and risk management for branded stablecoin programmes. Bastion operates as one of 13 limited purpose trust companies under New York's regulatory framework. The partnership provides comprehensive verification for institutional and individual users globally, automated sanctions screening and document verification using AI, and compliance across multiple jurisdictions. The solution targets large brands exploring branded stablecoins for treasury management and consumer payments. Dotfile currently generates roughly a quarter of its revenue from the US and expects to reach approximately half within 18 months. The company serves over 80 financial institutions across 15 countries and reports threefold year-over-year revenue growth.

The Fintech Times
Jan 26th, 2026
Dotfile and Bastion Partner to Bring AI-Powered Compliance to Enterprise Stablecoins

Dotfile and Bastion partner to bring ai-powered compliance to enterprise stablecoins. Dotfile, the AI platform for global AML compliance, has entered into a strategic partnership with Bastion, a regulated financial institution for stablecoin services, to deliver enterprise-grade onboarding and risk management infrastructure for branded stablecoins. The collaboration, announced today (27 January 2026), aims to bridge the gap between crypto-native assets and the rigorous compliance standards required by traditional finance and large enterprises. Closing the compliance gap. As stablecoins evolve from niche crypto assets into regulated financial instruments, the demand for robust compliance infrastructure has intensified. In the United States, New York has established a high bar for issuer oversight through the NYDFS regime - a framework under which Bastion operates as one of only 13 limited purpose trust companies. With major brands now exploring proprietary stablecoins for treasury management and consumer payments, the partnership addresses a critical need: delivering a seamless user experience while maintaining strict regulatory adherence. Agentic compliance. The partnership integrates Dotfile's AI-driven verification capabilities directly into Bastion's stablecoin infrastructure. Key features of the joint solution include: Comprehensive Verification: An all-in-one platform for onboarding both individuals (KYC) and institutions (KYB), orchestrating dozens of data sources to allow users to verify themselves via their preferred local methods globally. Agentic Efficiency: The solution leverages AI to automate complex workflows such as Sanctions and PEP screening, document verification, and ongoing risk assessment. Multi-Jurisdictional Readiness: The system is designed to adapt to local regulations, ensuring bank-level due diligence across different borders. Vasco Alexandre, founder and CEO of Dotfile, commented on the operational demands of the sector: "Bastion's enterprise focus demands flexible, auditable onboarding that scales. Together, we're enabling a compliant path from treasury to consumer rollouts". Rohan Kohli, chief risk & compliance Officer at Bastion, added: "Bastion has been hyper-focused on compliance and ensuring we operate under the highest level of regulation as we work to bring stablecoin implementation to life for some of the world's largest enterprises... Partners like Dotfile help us meet those standards in a scalable and efficient way". Strategic US expansion. For Dotfile, the partnership underscores a deepening focus on the US market. The company currently derives approximately a quarter of its revenue from the region and projects this to reach 50 per cent within 18 months. To support this growth, Dotfile plans to open a New York office in the first half of 2026. Bastion provides secure, compliant stablecoin issuance and infrastructure for enterprises, operating through its subsidiary Dibbs Trust Company, which holds a charter from the New York State Department of Financial Services (NYDFS). Dotfile serves over 80 financial institutions across 15 countries, using advanced technology to streamline compliance operations. Backed by investors including Serena Capital and Seaya Ventures, the company reports 3x year-over-year revenue growth.

Cointelegraph
Dec 1st, 2025
Crypto payments coming to PlayStation as Sony plans stablecoin launch in 2026

Crypto payments coming to PlayStation as Sony plans stablecoin launch in 2026. Sony Bank is reportedly pursuing a US license and partnering with Bastion as it develops a 2026 dollar stablecoin connected to its growing Web3 unit, BlockBloom. Sony Bank, the online lending subsidiary of Sony Financial Group, is reportedly preparing to launch a stablecoin that will enable payments across the Sony ecosystem in the US. Sony is planning to issue a US dollar-pegged stablecoin in 2026 and expects it to be used for purchases of PlayStation games, subscriptions and anime content, Nikkei reported on Monday. Targeting US customers - who make up roughly 30% of Sony Group's external sales - the stablecoin is expected to work alongside existing payment options such as credit cards, helping reduce fees paid to card networks, the report said. Sony Bank applied in October for a banking license in the US to establish a stablecoin-focused subsidiary and has partnered with the US stablecoin issuer Bastion. Sony's venture arm also joined Bastion's $14.6 million raise, led by Coinbase Ventures. Sony Bank has been actively venturing into Web3. Sony Bank's stablecoin push in the US comes amid the company's active venture into Web3, with the bank establishing a dedicated Web3 subsidiary in June. "Digital assets utilizing blockchain technology are incorporated into a diverse range of services and business models," Sony Bank said in a statement in May. "Financial services, such as wallets, which store NFT (non-fungible tokens) and cryptocurrency assets, and crypto exchange providers are becoming increasingly important," it added. The Web3 unit, later named BlockBloom, aims to build an ecosystem that blends fans, artists, NFTs, digital and physical experiences, and both fiat and digital currencies. Sony Bank's stablecoin initiative follows the recent spin-off of its parent, Sony Financial Group, which was separated from Sony Group and listed on the Tokyo Stock Exchange in September. The move was intended to decouple the financial arm's balance sheet and operations from the broader Sony conglomerate, allowing each to sharpen its strategic focus. Cointelegraph reached out to Sony Bank for comment regarding its potential US stablecoin launch, but had not received a response by the time of publication.

Distrito Beta
Sep 25th, 2025
Bastion Bags $14.6M to Help Brands Launch Digital Dollars Without Writing Code

Bastion has raised $14.6 million in new financing led by Coinbase Ventures with Sony Innovation Fund and Samsung Next, pushing the stablecoin infrastructure startup's total funding past $40 million to scale its white-label service for enterprises.

Recently Posted Jobs

Sign up to get curated job recommendations

Bastion is Hiring for 5 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →