NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Bastion, the financial institution for regulated stablecoin services, today announced a strategic relationship with Sony Bank Inc. (“Sony Bank”). Together, Bastion and Sony Bank will provide stablecoin services for Sony affiliates with Bastion responsible for stablecoin issuance, reserve management, and custody at scale for Sony Bank.
“The evolution of our financial system demands the buy-in of major players like Sony Bank to pave the way for innovation and change,” said Nassim Eddequiouaq, CEO of Bastion. “Sony’s decision to partner with Bastion is a powerful endorsement of our mission to build the infrastructure for a stablecoin-powered future, and a positive indication for enterprise adoption of stablecoins. Together, Bastion and Sony Bank are laying the groundwork for a more programmable, efficient and cohesive global financial system.”
As Sony Bank’s sole issuance provider, Bastion will lead the way for the Tokyo-based bank to expand into the digital asset landscape globally. Bastion will manage the issuance of stablecoins backed by the U.S. dollar, reserve management, and custody, acting as the designated service provider for Sony Bank’s inaugural entrance into the market.
“We are truly delighted to see our Sony Innovation Fund portfolio company Bastion named as Sony Bank’s strategic provider as the company expands into digital assets. Together they will bring stablecoins to the mass market and set the tone for enterprise adoption of digital assets,” added Kazuhito Hadano, CEO, Sony Ventures Corporation.
Bastion is the financial institution that powers secure, compliant stablecoin issuance, wallets, on/off ramps, cards, and yield products for enterprises and financial institutions. The partnership with Sony Bank comes on the heels of Bastion’s recent strategic raise, which included investment from Sony Innovation Fund, Coinbase Ventures, a16z crypto, Samsung NEXT, and Hashed, further underscoring conviction in Bastion’s platform to power the next generation of financial infrastructure.
About Sony Bank
Sony Bank was established in 2001 as an online bank with a primary focus on individual customers in Japan. Sony Bank is a subsidiary of Sony Financial Group Inc. Our mission is to bring customers convenient, high-quality financial products and services. For more information, visit https://sonybank.jp/en/.
About Bastion
Bastion is the financial institution for regulated stablecoin services. We power secure and compliant stablecoin issuance, wallets, on/off ramps, cards, and yield products for enterprises and financial institutions. Visit Bastion.com to learn more.
Disclosure statement: Dibbs Trust, a subsidiary of Bastion, is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business with a material change request pending.
Contact
Alethea Jadick
ajadick@sloanepr.com
