CoinMeta Data: According to The Wall Street Journal, Sony Bank's stablecoin partner bastion has received conditional approval from the US Federal Reserve (OCC) for a national trust bank license, which is expected to further expand its cooperation with large enterprises and financial institutions. bastion issues its own brand of stablecoins for businesses. The company was founded in 2023 by two former a16z and crypto executives, with investors including Coinbase Ventures, Sony Innovation Fund, and Samsung Next. bastion became a stablecoin partner of Sony Bank in 2025, enabling Sony to introduce stablecoin payments into its gaming and entertainment ecosystem.