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Sony releases stablecoin to the DeFi market
Sony and the strategic step into Web3 through stablecoin
Sony — one of the leading entertainment conglomerates in the world — is officially stepping into the DeFi space by developing a USD-pegged stablecoin, expected to launch in 2026, initially focusing on the PlayStation ecosystem and anime content in the U.S. market.
✅ What is happening?
- Sony Bank (part of Sony Financial Group) has applied for a banking license in the U.S. through its subsidiary Connectia Trust, aiming to establish a branch specializing in stablecoin.
Sony — one of the leading entertainment conglomerates in the world — is officially stepping into the DeFi space by developing a USD-pegged stablecoin, expected to launch in 2026, initially focusing on the PlayStation ecosystem and anime content in the U.S. market.
✅ What is happening?
- Sony Bank (part of Sony Financial Group) has applied for a banking license in the U.S. through its subsidiary Connectia Trust, aiming to establish a branch specializing in stablecoin.
Bastion raises $14.6M in a Strategic funding round
#Bastion secures $14.6M in a Strategic funding round led by Coinbase Ventures, with participation from Sony Innovation Fund, Samsung Next, a16z crypto and Hashed.
Bastion is an infrastructure solution for issuing and managing stablecoins, focused on API and compliant with regulatory requirements.
👉 x.com/BastionPlatform/status/1970842813035319759
#Bastion secures $14.6M in a Strategic funding round led by Coinbase Ventures, with participation from Sony Innovation Fund, Samsung Next, a16z crypto and Hashed.
Bastion is an infrastructure solution for issuing and managing stablecoins, focused on API and compliant with regulatory requirements.
👉 x.com/BastionPlatform/status/1970842813035319759
💰 RECENT FUNDING ROUNDS
Bastion is an infrastructure solution for issuing and managing stablecoins, focused on API and compliant with regulatory requirements.
RedotPay is developing a digital asset payment infrastructure using blockchain technology and cryptocurrencies.
Kraken is a cryptocurrency exchange that provides spot and futures trading between Bitcoin, Ethereum, and 40+ other digital assets.
Flying Tulip introduces several onchain financial innovations while solving critical problems that limit capital efficiency and market access in existing DeFi protocols.
#Bastion #RedotPay #Kraken #FlyingTulip
Bastion is an infrastructure solution for issuing and managing stablecoins, focused on API and compliant with regulatory requirements.
RedotPay is developing a digital asset payment infrastructure using blockchain technology and cryptocurrencies.
Kraken is a cryptocurrency exchange that provides spot and futures trading between Bitcoin, Ethereum, and 40+ other digital assets.
Flying Tulip introduces several onchain financial innovations while solving critical problems that limit capital efficiency and market access in existing DeFi protocols.
#Bastion #RedotPay #Kraken #FlyingTulip
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Coinbase, Sony and Samsung invest in Bastion, the "Turnkey" Stablecoin startup
#Bastion , a startup providing a turnkey stablecoin issuance system, has successfully raised 14.6 million USD, bringing the total capital raised to 40 million USD. This new funding round is led by Coinbase Ventures, alongside participation from tech giants and leading venture capital firms such as Sony, Samsung, a16z crypto, and Hashed.
Code-Free Stablecoin Solution
Bastion offers a solution that allows businesses to easily issue #stablecoin without the need to write code or directly deal with complex regulatory licensing processes. The platform also provides other convenient features, including wallets for users and off-ramp services (converting stablecoin to cash) in over 70 countries.
The person behind Bastion is Nassim Eddequiouaq, former leader of Meta (who was involved in the Libra project) and a16z crypto, who successfully raised 25 million USD for the company in 2023.
Exploding Stablecoin Market
This investment comes amid a global stablecoin market that is more dynamic than ever. Recent major moves include Stripe's acquisition of Bridge for 1.1 billion USD and the development of layer-1 Tempo; Circle (USDC) had an impressive IPO; and Tether (USDT) is looking to raise 20 billion USD with a valuation target of 500 billion USD. The involvement of large tech corporations shows an increasing recognition of the role of stablecoins as a core financial infrastructure layer in the future. #anh_ba_cong
#Bastion , a startup providing a turnkey stablecoin issuance system, has successfully raised 14.6 million USD, bringing the total capital raised to 40 million USD. This new funding round is led by Coinbase Ventures, alongside participation from tech giants and leading venture capital firms such as Sony, Samsung, a16z crypto, and Hashed.
Code-Free Stablecoin Solution
Bastion offers a solution that allows businesses to easily issue #stablecoin without the need to write code or directly deal with complex regulatory licensing processes. The platform also provides other convenient features, including wallets for users and off-ramp services (converting stablecoin to cash) in over 70 countries.
The person behind Bastion is Nassim Eddequiouaq, former leader of Meta (who was involved in the Libra project) and a16z crypto, who successfully raised 25 million USD for the company in 2023.
Exploding Stablecoin Market
This investment comes amid a global stablecoin market that is more dynamic than ever. Recent major moves include Stripe's acquisition of Bridge for 1.1 billion USD and the development of layer-1 Tempo; Circle (USDC) had an impressive IPO; and Tether (USDT) is looking to raise 20 billion USD with a valuation target of 500 billion USD. The involvement of large tech corporations shows an increasing recognition of the role of stablecoins as a core financial infrastructure layer in the future. #anh_ba_cong
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