I am proud to announce that Bastion has acquired Dibbs Trust and has subsequently secured a New York Limited Purpose Trust Charter.
This additional regulatory licensing represents a critical milestone in Bastion’s journey to become the most trusted partner for our upcoming regulated stablecoin issuance platform.
Regulatory clarity is finally emerging as new legislation addresses market structures and stablecoin issuance.
Under the oversight of the NYDFS, Bastion meets some of the highest compliance standards in the world.
Stablecoins require robust foundations to expand globally and gain adoption by the largest institutions and enterprises.
Our upcoming stablecoin issuance platform is designed for institutions and enterprises to onboard both their corporate operations and their global user bases, offering:
• issuance of branded stablecoins
• integrated global payments capabilities
• enhanced loyalty programs
Each of these components is essential for the next wave of stablecoins to succeed—starting from the issuer—with no compromise on security or compliance.
Bastion is joining a select group of companies operating under a New York Limited Purpose Trust Charter, including PayPal, Coinbase, Fidelity, and Ripple.
We know that we are not just building technology; we are building trust. This regulatory approval, along with money transmitter licenses obtained in many states, also represents our commitment to building a financial infrastructure that institutions can rely on for the coming decade.
The next phase for stablecoins is here: secure, scalable, and built for enterprises. We’re just getting started—more updates soon.