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4h ago

Coinbase Ventures Leads $14.6 Million Round for Stablecoin Infrastructure Startup Bastion

The raise reflects growing corporate interest in compliant stablecoin rails.

Nassim Eddequiouaq, cofounder and CEO of Bastion.
COinbase
Coinbase, sony and samsung back $14.6m round for stablecoin startup bastion
Bastion raises $14.6 million in funding backed by Coinbase Ventures, Sony, Samsung, and a16z Crypto

Overview

  • Sony Innovation Fund, Samsung Next, a16z crypto and Hashed joined the round, lifting Bastion’s total funding to more than $40 million.
  • Bastion provides white‑label stablecoin issuance along with custodial wallets and cash off‑ramps available in over 70 countries.
  • The company stresses regulated infrastructure, citing an NYDFS trust charter and additional state licenses.
  • Bastion added senior leaders Jared Klee, Vince Tejada, Beth Gibson and Rohan Kohli to head revenue, treasury, legal and risk and compliance functions.
  • The firm reported traction in Asia, declined to disclose its valuation or current customers, and said partnership announcements are expected within about nine months.