Sony, Samsung Join Bastion Round as Startup Expands Stablecoin Services

Funding Round Brings Global HeavyweightsBastion, a startup building infrastructure for third-party stablecoin issuance, has raised $14.6 million in a funding round led by Coinbase Ventures. The announcement Wednesday also confirmed participation from Sony, the investment arm of Samsung, Andreessen Horowitz’s crypto division, and venture capital firm Hashed. The deal brings Bastion’s total capital raised to roughly $40 million, following a $25 million round in September 2023 led by Andreessen Horowitz.At the ...