Bastion wins conditional approval for a U.S. national trust bank charter
Crypto.news says the approval lets Bastion bring stablecoin custody, wallets, payment infrastructure and white-label issuance under one federally supervised entity, but the proposed bank cannot accept deposits or make loans.
TLDR
Crypto.news reports that the OCC granted Bastion Platforms National Trust Company conditional approval for a U.S. national trust bank charter. The approval lets Bastion combine stablecoin custody, wallets, payment infrastructure and white-label issuance under one federally supervised entity. The proposed bank cannot accept deposits or make loans.
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