The Office of the Comptroller of the Currency (OCC) has granted Bastion preliminary conditional approval for a national trust bank charter.
Since 2023, we’ve been building regulated stablecoin infrastructure for enterprises and financial institutions. We started with a money transmitter licenses, followed by our New York limited purpose trust charter for white-label stablecoin issuance, before the GENIUS Act was adopted, with a clear goal: give institutions a regulated foundation to build with stablecoins at scale.
“Enterprises and financial institutions want a safe way to build with stablecoins, with the same controls and oversight they already expect from their banks. We built Bastion for that from the start” Nassim Eddequiouaq, CEO of Bastion
Today’s decision moves that vision forward and brings large enterprises and financial institutions the regulated and secure infrastructure across stablecoin custody & wallets, payment infrastructure, and white-label issuance they need to build their own enterprise stablecoin programs.
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