Bastion has raised an additional US$14.6 million in a strategic financing round led by Coinbase Ventures and participation by investors.
Stablecoin infrastructure provider Bastion announced it has exceeded US$40 million in total funding to date following a US$14.6 million strategic financing round led by Coinbase Ventures.
The strategic financing round will support the adoption of Bastion’s product offerings which provide enterprises and financial institutions with the tools to issue, hold and utilise stablecoins at scale within their ecosystems.
The strategic fundraise marks an important milestone as Bastion furthers its core mission as the trusted partner for global enterprise stablecoin issuance and crypto trading.
“Bastion is growing to meet significant demand for regulated stablecoin infrastructure from some of the world’s largest enterprises,” said Nassim Eddequiouaq, Co-Founder and CEO of Bastion. “The evolution of our financial system will continue to accelerate as digital assets and stablecoin adoption proliferates, and Bastion is positioned to help businesses build world-changing financial products.”
“Trusted digital asset infrastructure is the bedrock for the creation of scalable digital financial products that enterprises increasingly seek,” said Shan Aggarwal, Chief Business Officer at Coinbase. “We continue to invest in the businesses building crypto products safely and scalably, and are energised by change-makers like Bastion who are making enterprise stablecoin adoption a reality.”
“We’ve seen meaningful growth at Bastion over the last year, and we’re encouraged by the overwhelming interest and engagement from major industry stakeholders and enterprises,” added Caroline Friedman, COO and Founding Member of Bastion.
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