Bastion

After months of building in stealth mode, we are thrilled to introduce ourselves and announce our $25M fundraise led by a16z crypto. We are Bastion, and we are here to help brands and businesses unlock the full potential of digital interactions for everyone. After years pioneering digital asset creation and security, co-founders Nassim Eddequiouaq and Riyaz Faizullabhoy discovered that enterprise organizations have the desire to build more immersive experiences in web3, but are often unable to overcome the hurdles of complicated crypto wallets, high gas-fees, compliance, and security.? So they founded Bastion, a product suite specially designed to facilitate the transition to web3 for enterprise businesses and their end users. Our core vision is to make web3 more accessible, secure, and compliant – so businesses can focus on developing products and experiences that are seamless, fast, and way more fun. Here's how we do things differently for companies and their customers: ?? Custodial Wallet API? ?? Smart Transaction Routing? ?? User Analytics & Insights You can read more about our $25M seed round, led by @a16zcrypto, below ?? https://lnkd.in/gZvQTCHt #fundraise #enterprise #api #blockchain #web3 #wallet Bastion is now live and ready to support your vision for building in web3. Schedule a demo with us at: https://lnkd.in/eVuC32p9

Bastion strengthens its leadership team! We’re excited to welcome Rohan Kohli as Chief Risk & Compliance Officer and Beth Gibson as Deputy General Counsel. Their expertise in risk management, compliance, and regulatory strategy reinforces our commitment to trusted, enterprise-ready stablecoin infrastructure. As demand for stablecoin issuance grows, institutions and enterprises need solutions that align with regulatory standards and operational security. With Rohan and Beth on board, Bastion is well-positioned to support businesses in navigating the evolving financial landscape with confidence. Read more on the blog: https://lnkd.in/en7ig4U6

Today, a new chapter in regulated stablecoin innovation begins. We’re excited to announce that Bastion has secured a New York Limited Purpose Trust Charter and acquired Dibbs Trust Company—a major step toward building the future of secure, compliant, and enterprise-ready stablecoin solutions. With NYDFS oversight, we’re setting a new standard for trust and transparency in stablecoin issuance by building our upcoming platform designed to empower institutions and enterprises to: ? Issue branded stablecoins seamlessly ? Optimize payments and loyalty programs ? Unlock new revenue opportunities The future of enterprise crypto is trusted, compliant, and secure. Join us as we continue to reimagine financial services. Read more on the blog: https://lnkd.in/e7PmCdbZ #Stablecoins #Crypto #EnterpriseFinance

The introduction of the GENIUS Act signals a major shift in U.S. stablecoin regulation. By setting a federal framework while recognizing key state regulatory models, the Act could reshape who can issue stablecoins and how businesses integrate them. For NYDFS-regulated issuers, the act could provide clarity and continuity. Their existing regulatory framework closely aligns with the Act’s requirements, allowing them to operate with minimal disruption. Other issuers face a choice: adapt to higher compliance standards or risk exiting the market. Businesses selecting a stablecoin may benefit from the continuity that comes with picking a stablecoin issued by a regulated entity. Read our full analysis on the GENIUS Act and what it means for issuers and enterprises: https://lnkd.in/eCeMa9en

If you're a top-tier engineer interested in tackling some of the hardest compliance and data challenges at the cutting edge of payments and digital money, we're hiring in the US and Brazil. Bastion is a regulated financial institution focused on stablecoin issuance services, supporting enterprises and institutions in their journey to issue their digital currencies.

The Stablecoin TTL (Time To Live) is the best KPI for stablecoins: 1?? Average time between the stablecoin minting and redemption of a dollar. 2?? Number of hops across accounts between the stablecoin minting and redemption of a dollar. Stablecoins get more valuable as dollars remain in the stablecoin form. What happens when we hit escape velocity, meaning dollars in the stablecoin form being spendable in enough places for people & businesses not to convert them back to fiat, is something that the financial system is not ready for yet: ? lower transaction fees ? lower ledgering, reconciliation, compliance, finops, fraud costs ? better financial data ? less walled gardens There are many tools or incentives that we can put in place to increase this stablecoin TTL: - Financial rewards - Discounts - No transaction fees - Credits, loans, and BNPL models All of the following is likely to happen as the average stablecoin TTL increases: ? Dollars will naturally accumulate into reserve cash deposit accounts & money market accounts at the first-moving banks & asset managers to partner with stablecoin issuers. ? Fiat dollars will become much more stagnant, making them easier to be lended (second layer of fractional reserve banking forming). ? Cross-issuer settlement is going to be an incredibly valuable business, and might likely be owned by issuers themselves. ? As dollar redemptions decrease, compliance risks on banks decreases resulting in an acceleration of stablecoin adoption. ? Increased spendability of stablecoins increases network velocity for first-moving companies with large distribution. ? Ledgering, reconciliation, compliance, fraud risks & costs all decrease tremendously. The future of dollars is tokenized, with an increasing TTL. Banks, payment companies, and asset managers should all plan the next 2 years accordingly.

Exciting news to share! We have integrated Bastion with Borderless.xyz's Global Transfer Protocol into the most powerful stablecoin API, and it will be a game changer for our customers and their global transactions. ? Our clients building payment infrastructure will soon have access to: 1?? Global banking rails seamlessly across the US and 50+ other countries 2?? Security and compliance at every step with a regulated and insured US wallet API 3?? Fast and scalable APIs to power their stablecoin on-ramps and off-ramps with a stablecoin API Merchants often face challenges with traditional domestic and global payment methods that are slow and costly, and building the stablecoin payment infrastructure to support much faster & cheaper payments requires a solving complex problems across regulatory compliance, security, liquidity, and banking. With this integration, we're solving all four problems: ?? Payment companies and enterprises will be able access stablecoin and fiat liquidity in over 50 countries through Bastion's regulated wallet and stablecoin APIs ? Move money anywhere, anytime with instant global payouts, collections, and cross-border payments ?? Get to market up to 100x faster with a 95% reduction in compliance costs ?? Keep your and your customers' assets secure in a regulated and insured custody solution along the way We take care of the hardest aspects of compliance, security, liquidity, and banking so you can focus on growing your business. We’re excited to see how this integration will empower you to build innovative payment solutions with greater speed, flexibility, compliance, and security. Join the waitlist at: https://bastion.com/ A special shoutout to the team at Borderless.xyz for working with us on our goal to build the most powerful API for payment companies! Onwards and upwards! ?

Excited for Money20/20 in Vegas this week? ?? Come say hi! Our Co-Founder and CEO, Nassim Eddequiouaq, will be at Money20/20 to discuss all things payments, stablecoins, wallets, and regulations! ?? ??

If you're a leader in payments & stablecoins, this is *THE* event not to miss. Bastion and Borderless.xyz are partnering on a VIP Dinner with the who's who of stablecoin payments. Join us at: https://lu.ma/jvvg2g8a

We're thrilled to welcome Abhaar Gupta to the Bastion team as a Software Engineer! ???? He brings deep expertise in blockchain infrastructure, specializing in developing low-latency, fault-tolerant, and scalable systems. Abhaar joins us from Gemini, where he led initiatives like recovering trapped customer funds on-chain, reducing blockchain integration times, and designing cost-efficient solutions for on-chain transactions. Before that at Axoni, Abhaar redesigned their blockchain permission system to enhance privacy and security, and his innovative work on secure data sharing between blockchains earned him a patent. Abhaar's experience will bolster our ability to build the best enterprise-grade regulated wallet infrastructure for stablecoins, payments, exchanges, and marketplaces. Please join us in giving him a warm welcome to the team!