Stablecoin Infrastructure Provider Bastion Seeks National Trust Charter

Bastion Platforms is a stablecoin infrastructure provider that helps companies issue and operate stablecoins on a white-label basis. It currently holds a New York state trust bank charter. Converting to a national trust charter overseen by the Office of the Comptroller of the Currency, or OCC, would allow Bastion to expand across the United States under a single federal regulatory framework, reducing the complexity of state-by-state compliance and license management.

OCC records show that it received the application under the name Bastion Platforms National Trust Company on March 30, 2026. The filing does not involve fundraising or a transaction value. The application remains under OCC review, the conversion is not subject to a public comment process, and officials have not announced a timeline for approval.