Bastion, a US-based stablecoin infrastructure provider, has raised US$14.6 million in a funding round led by Coinbase Ventures.

Other backers include Sony Innovation Fund, a16z crypto, Samsung Next, and Hashed, bringing Bastion’s total funding to over US$40 million.

The company provides infrastructure for enterprises and financial institutions to issue, hold, and use stablecoins in their operations.

Bastion holds an NYDFS trust charter and state licenses, enabling it to offer regulated digital asset services.

The new funding will support product development, expansion, and recent executive hires in revenue, treasury, legal, and compliance.

🔗 Source: Bastion