Bastion is one of a small number of companies to reach this phase of the OCC charter process. The firm developed compliance and governance frameworks from its inception to attract large enterprises and financial institutions by matching the regulatory standards of traditional banks. This operational infrastructure is intended to facilitate the integration of stablecoins into the mainstream financial system.
Tuesday, October 20, 2026
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Bastion Joins Small Group of Firms With Conditional OCC National Trust Bank Charter
Crypto31 days ago
Bastion Platforms National Trust Company received preliminary clearance from the Office of the Comptroller of the Currency to establish a federal trust bank. The approval enables the firm to consolidate stablecoin custody, wallets, payment infrastructure and white-label issuance within one federally supervised entity. The proposed bank is prohibited from accepting deposits or providing loans.
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