Bastion Raise $14.6M to Expand Stablecoin Infrastructure

Bastion, wey dem found am for 2023 by former a16z crypto big men, don raise $14.6 million for one strategic round wey Coinbase Ventures lead, bring total money wey dem get pass $40 million. Sony Innovation Fund, a16z Crypto, Samsung Next and Hashed join body too. Bastion get NYDFS trust charter and e dey provide compliance-first stablecoin infrastructure platform wey dey combine issuance, custody, liquidity and reserve management with fiat on/off ramps. Coinbase CBO Shan Aggarwal call dis stablecoin infrastructure the “bedrock” for scalable institutional products. With Morgan Stanley talk say stablecoin market go grow from $300 billion to over $2 trillion by 2028, Bastion plan to expand e compliance-led infrastructure to meet growing corporate need for stablecoin infrastructure in payments, settlements and treasury functions.