Bastion announced it will provide stablecoin issuance, reserve management, and custody services to Sony Bank.

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On December 2, stablecoin financial institution Bastion announced a strategic partnership with Sony Bank Corporation (Sony Bank) to provide stablecoin services to Sony's affiliated companies. Bastion will be responsible for Sony Bank's large-scale stablecoin issuance, reserve management, and custody business.

In September 2025, Bastion completed a $14.6 million funding round led by Coinbase, with participation from the venture capital arm of Japanese tech giant Sony, the venture capital arm of South Korean mobile phone manufacturer Samsung, a16z Crypto, and cryptocurrency venture capital firm Hashed.

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