Stablecoin financial institution Bastion: Will carry out stablecoin issuance, reserve management and custody business for Sony Bank

According to Foresight News, Bastion, a regulated stablecoin service financial institution, issued a document announcing the establishment of a strategic partnership with Sony Bank Co., Ltd. (Sony Bank). Bastion and Sony Bank will work together to provide stablecoin services for Sony's affiliated companies. Bastion will be responsible for large-scale stablecoin issuance, reserve management and custody business for Sony Bank.



In September 2025, Bastion completed US$14.6 million in financing, led by Coinbase, with participation from the venture capital arm of Japanese technology giant Sony, the venture capital arm of South Korean mobile phone manufacturer Samsung, a16z Crypto and cryptocurrency venture capital firm Hashed.

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