Bastion gets preliminary conditional OCC approval for trust charter
Bastion says the OCC granted it preliminary conditional approval for a US trust bank charter, adding OCC federal supervision to its existing state licenses.
Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for a US trust bank charter. The charter would add federal supervision from the OCC to the state licenses Bastion already holds, according to a news release.