US OCC grants conditional banking license approval to Bastion

Bastion: Bastion is a stablecoin infrastructure provider focused on white-label issuance, custodial wallets, payment infrastructure, and reserve management for enterprises and financial institutions. The company operates under existing state licenses and recently received conditional approval from the Office of the Comptroller of the Currency to convert to a national trust bank, enabling federally regulated services. This approval supports Bastion's role as a compliant partner for institutions, including its existing work with Sony Bank on stablecoin operations. Regulatory Approvals: The Office of the Comptroller of the Currency has granted conditional national trust bank charters to multiple stablecoin and crypto infrastructure firms, facilitating their integration into the traditional financial system under federal oversight. Stablecoin Infrastructure: Companies like Bastion provide end-to-end services that allow enterprises to issue and manage branded stablecoins while handling compliance, custody, and fiat conversions through regulated channels.