United States / Firms / Bastion

Bastion

Bastion: 1 company is on NYDFS's list of regulated virtual-currency entities (Bastion Platforms Trust Company, LLC: NY limited purpose trust charter); the OCC conditionally approved Bastion Platforms Trust Company (national trust bank) on 18 Sep 2026, which plans to issue stablecoins. NYDFS list read 21 Oct 2026.

Status

NYDFS licensed + OCC approval · checked 21 Oct 2026
NYDFS and OCC data only. Licences in other US states (money transmitter licences, state trust charters) are not covered.

NYDFS regulated entity

Bastion Platforms Trust Company, LLC · Limited Purpose Trust Charter · granted Feb 2025 dfs.ny.gov official

OCC Corporate Decision 1391

Bastion Platforms Trust Company (national trust bank) (conversion), applicant Bastion Platforms Trust Company, LLC, New York, NY: conditional approval 18 Sep 2026. Proposed activities: “white-label stablecoin issuance” occ.gov official

Type

National trust bank (OCC) (Strongest authorisation on record)

Public statement

Not applicable.

History

• 18 Sep 2026OCC conditional approval for Bastion Platforms Trust Company (national trust bank) (conversion). — occ.gov official
• Feb 2025NYDFS: Bastion Platforms Trust Company, LLC, limited purpose trust charter (month granted as listed by DFS). — dfs.ny.gov official

Read More

• The GENIUS Act Takes Effect on 18 January 2027. 16 of Its Rules Are Still Proposals
• The OCC Has Approved 17 Crypto Bank Charters Since December. 8 Plan Stablecoins

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