Bastion: Making Moves in the Crypto Custody World

US State Regulators Issue Money Transmitter Licenses to Crypto Startup Bastion

US state regulators issue money transmitter licenses to crypto startup Bastion.

In a bold strategic move, Bastion, the institutional-focused crypto custody firm, has recently obtained money-transmitter licenses (MTLs) in not one, but two states: New Hampshire and Arkansas. This accomplishment, achieved just one month after their product launch, marks a significant step forward in Bastion’s mission to provide enterprises with a safe, secure, and compliant solution for a broad spectrum of digital assets.

Picture this: Bastion is like the superhero of the crypto world, acquiring licenses left and right, swooping in to save the day for crypto investors. But instead of a cape, they wear the official attire of the Money Transmitter Licenses. With these licenses in their arsenal, Bastion can now support deposits, transfers, and payments of fungible crypto assets like Ethereum and MATIC. It’s like having the power to move mountains, or in this case, move digital assets with ease and compliance.

But wait, there’s more! Bastion was founded by Nassim Eddequiouaq and Riyaz Faizullabhoy, former executives of a16z crypto. These two masterminds saw the potential in the crypto market and decided to create a platform that would revolutionize Web3 infrastructure services. Their vision focused on three major pillars: ownership and monetization of digital goods, smart transaction routing, and customer analytics. It’s like building a sturdy foundation for a house on a hill, with each pillar supporting the growth and success of the crypto ecosystem.

Imagine a world where businesses can effortlessly onboard their products and end-users into the immersive Web3 universe. It’s like entering a theme park where every ride and attraction is designed to bring joy and convenience to visitors. Well, Bastion’s 3-pillar solutions aim to do just that. With their built-in custodial wallet, businesses can seamlessly integrate their authentication methods, creating a user-friendly experience that requires zero learning curve. It’s like skipping the long lines at the amusement park and going straight to the fun.

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But Bastion doesn’t stop there. They tackle another challenge faced by the crypto world: friction and scalability. Their smart transaction routing system ensures that transactions are processed efficiently, routing anywhere from 70% to 90% of them. It’s like having a GPS that guides you through the fastest and smoothest routes, avoiding traffic jams and roadblocks. By merging the simplicity of Web2 with the efficiencies of Web3, Bastion paves the way for businesses to create a faster and smoother experience for their customers.

Now, here’s the icing on the cake. Bastion recently raised a whopping $25 million from venture capital giant Andreessen Horowitz (a16z). Despite the recent drought in venture capital funding, Bastion’s vision and potential grabbed the attention of the industry’s top players. It’s like having a celebrity endorse your product, instantly elevating its reputation and credibility.

With their latest acquisition of MTLs in New Hampshire and Arkansas, Bastion is ready to scale and collaborate with major industry players. But don’t worry, they won’t compromise their mission to provide immersive utilities to users. It’s like growing bigger and stronger while staying true to their core values.

So, if you’re an investor looking to dive into the exciting world of digital assets, Bastion is the knight in shining armor you’ve been waiting for. Their cutting-edge technology, regulatory compliance, and industry expertise make them the ideal partner on your crypto journey.

Join Bastion on their quest to revolutionize the crypto custody world, and together, let’s explore the endless possibilities of the digital asset universe.

Disclaimer: No actual capes were harmed in the making of this article.

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