Bastion receives conditional OCC approval for national trust bank charter

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Bastion Platforms National Trust Company has received conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter. This approval allows the company to offer digital asset services within a regulated banking framework.

Key facts

• Bastion Platforms National Trust Company received conditional approval for a national trust bank charter.
• The Office of the Comptroller of the Currency granted the conditional approval.
• Bastion plans to offer stablecoin custody and wallets.
• The company will also provide payment infrastructure and white-label issuance.
• This development moves digital asset services toward integration within the traditional financial system under federal oversight.