Stablecoin financial institution Bastion: Will provide stablecoin issuance, reserve management, and custody services for Sony Bank
ChainCatcher news, regulated stablecoin financial institution Bastion has announced the establishment of a strategic partnership with Sony Bank Inc. (Sony Bank).
Bastion and Sony Bank will jointly 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 a $14.6 million financing round, led by a certain exchange.
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