Bastion provides a regulated wallet and digital asset management API that enables businesses to create compliant crypto products while ensuring built-in regulatory adherence and security through advanced key management systems. By streamlining the integration process, Bastion reduces time to market by up to 95% and lowers compliance costs by 70%, allowing enterprises to efficiently manage digital assets and payments.
Funding
$25M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face challenges in creating compliant crypto products due to the complexities of regulatory adherence and the need for robust security measures in digital asset management. Integrating these elements can be time-consuming and costly, hindering efficient management of digital assets and payments.
Solution
Bastion offers a regulated wallet and digital asset management API that enables businesses to develop compliant crypto products with built-in regulatory adherence and security. The platform streamlines the integration process, significantly reducing time to market and compliance costs. Bastion combines the security of an enterprise-grade custody solution, the flexibility of an advanced wallet platform, and the trust of a licensed financial institution. Its key management system protects private keys using Hardware Security Modules (HSMs) and Nitro Secure Enclaves with hardware-enforced custom authorization policies.
Target Audience
The primary customers are enterprises and businesses looking to build and manage compliant crypto products, including those in payments, loyalty programs, and web3 applications.
Features
- Regulated Wallet API: A white-label API to power various compliant products.
- Regulatory Coverage: Registered as a Money Services Business (MSB) with FinCEN and secured Money Transmitter Licenses.
- Built-in Compliance: Handles regulatory compliance, KYC, and KYB.
- Flexible APIs: Powers a wide range of compliant products across payments, loyalty programs, and web3 consumer applications.
- Secure Key Management: Keys reside in HSMs & Secure Enclaves.
- Hardware-Enforced Security Policies: Advanced security policies.
- Multi-Chain Support: Supports a wide range of digital assets across multiple chains.