Stablecoin infrastructure provider Bastion has raised $14.6 million in a funding round led by Coinbase Ventures, bringing its total capital to over $40 million. Announced on September 24, 2025, the investment includes participation from Sony Innovation Fund, Samsung Next, a16z crypto, and Hashed, underscoring growing interest in compliant tools for corporate stablecoin adoption. For fintech innovators, crypto investors, and enterprise tech watchers searching Bastion stablecoin funding, Sony Samsung Bastion investment, or white-label stablecoin 2025, Bastion’s platform enables companies to issue and manage branded stablecoins without building custom infrastructure or securing licenses, positioning it as a key enabler in a market projected to reach $2 trillion by 2030. Founded by former a16z executives who worked on Meta’s Libra project, the startup is seeing traction in Asia and plans to announce major client partnerships within nine months.
This raise arrives amid a stablecoin boom, with firms like Stripe acquiring Bridge for $1.1 billion and Circle going public, highlighting the sector’s maturation as corporations seek efficient, compliant digital dollar solutions.
Funding Details: A Strategic Round for Scaling Infrastructure
The $14.6 million round was led by Coinbase Ventures, with notable backing from tech giants Sony and Samsung’s venture arms, alongside established crypto investors a16z crypto and Hashed. It follows Bastion’s $25 million seed round in September 2023, led by a16z, during which the company emerged from stealth mode.
Key highlights:
- Total Funding: Over $40 million to date.
- Use of Funds: Expanding its compliant, white-label platform, including custodial wallets, smart transaction routing, and data analytics for enterprises.
- Investor Rationale: Sony’s Ludovic Copéré noted the “overwhelming interest” in corporate stablecoins, positioning Bastion as an “enabler” for brands.
Bastion’s COO Caroline Friedman emphasized: “We’ve seen meaningful growth… and we’re encouraged by the engagement from major stakeholders.”
| Investor | Type | Notable Contribution |
|---|---|---|
| Coinbase Ventures | Lead | Crypto infrastructure expertise |
| Sony Innovation Fund | Participant | Tech giant’s venture arm |
| Samsung Next | Participant | Samsung’s innovation investments |
| a16z crypto | Participant | Crypto VC heavyweight |
| Hashed | Participant | Early-stage crypto backer |
Bastion’s Platform: White-Label Stablecoins for Enterprises
Bastion specializes in a Stablecoin-as-a-Service model, allowing organizations to launch branded stablecoins pegged to assets like the US dollar without navigating regulatory hurdles or coding from scratch. Its platform includes:
- Issuance Tools: Compliant stablecoin creation with built-in reserve management.
- Wallets and Routing: Custodial solutions and smart transaction features for 70+ countries.
- Analytics: Data insights for Web3 integration, blending Web2 security with blockchain efficiency.
Founded in 2022 by Nassim Eddequiouaq and Riyaz Faizullabhoy—ex-a16z crypto execs who contributed to Meta’s Libra—Bastion holds a limited trust charter from the New York State Department of Financial Services (NYDFS). The 27-person team is focused on enterprise-grade infrastructure, competing with Paxos and Agora.
Eddequiouaq, CEO, stated: “Organizations can now integrate Web3 seamlessly… with the cost-efficiency and security of Web2.”
Market Context: Stablecoins’ Corporate Surge
The funding arrives as stablecoins hit $300 billion in market cap, with corporations like PayPal (PYUSD) and Stripe exploring issuance. Recent milestones include Stripe’s $1.1 billion Bridge acquisition and Tether’s $20 billion raise talks at $500 billion valuation. Bastion’s white-label focus taps this trend, enabling “branded stablecoins” for payments and treasury.
Coinbase CBO Shan Aggarwal noted: “Trusted digital asset infrastructure is the bedrock for scalable financial products.”
Challenges and Future Outlook
While promising, Bastion faces competition and regulatory scrutiny, with NYDFS oversight ensuring compliance but limiting agility. Plans include Asia expansion and client announcements in nine months, potentially scaling to $100 million+ in revenue by 2026.
Conclusion: Bastion’s $14.6M Fuel for Stablecoin Innovation
Bastion’s $14.6 million raise backed by Sony, Samsung, and Coinbase is a vote of confidence in white-label stablecoins as corporate gateways to Web3. With over $40 million raised, it’s primed to enable the next wave of branded digital dollars. For those tracking stablecoin startups 2025, Bastion’s platform could redefine enterprise crypto—will it power the $2T market? Announcements await. block
