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bastion
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Bastion Obtains Conditional Trust Bank Approval from the OCC: Yet Another Federal Competitor for Stablecoin InfrastructureLet’s address the key point first: it’s not just another “it applied”—OCC truly approved it: conditional approval.
Stablecoin infrastructure Bastion (Bastion Platforms) received the U.S. Office of the Comptroller of the Currency (OCC) preliminary conditional approval to convert a New York state trust company into a nationwide trust bank: Bastion Platforms National Trust Company, charter number 27198. The official document is Corporate Decision #1391, dated 2026-09-18; the company GlobeNewswire released it on the same day.
What can it do and what can it not do—more important than slogans:
1️⃣ Business scope within trust companies and related activities: white-label stablecoin issuance, custody wallets (trust responsibilities), custody customers’ redemptions, and providing minting/redemption/reserve and compliant infrastructure to other compliant issuers
Bastion Obtains Conditional Trust Bank Approval from the OCC: Yet Another Federal Competitor for Stablecoin Infrastructure
Let’s address the key point first: it’s not just another “it applied”—OCC truly approved it: conditional approval.
Stablecoin infrastructure Bastion (Bastion Platforms) received the U.S. Office of the Comptroller of the Currency (OCC) preliminary conditional approval to convert a New York state trust company into a nationwide trust bank: Bastion Platforms National Trust Company, charter number 27198. The official document is Corporate Decision #1391, dated 2026-09-18; the company GlobeNewswire released it on the same day.
What can it do and what can it not do—more important than slogans:
1️⃣ Business scope within trust companies and related activities: white-label stablecoin issuance, custody wallets (trust responsibilities), custody customers’ redemptions, and providing minting/redemption/reserve and compliant infrastructure to other compliant issuers
Stablecoin infrastructure Bastion (Bastion Platforms) received the U.S. Office of the Comptroller of the Currency (OCC) preliminary conditional approval to convert a New York state trust company into a nationwide trust bank: Bastion Platforms National Trust Company, charter number 27198. The official document is Corporate Decision #1391, dated 2026-09-18; the company GlobeNewswire released it on the same day.
What can it do and what can it not do—more important than slogans:
1️⃣ Business scope within trust companies and related activities: white-label stablecoin issuance, custody wallets (trust responsibilities), custody customers’ redemptions, and providing minting/redemption/reserve and compliant infrastructure to other compliant issuers
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🚨 Breaking: Bastion pressures SkyAI over SOL sales — treasury shrinks by 70%! 🚨
Showdown between an activist investor and the company!
Bastion Trading (which owns 9.99% of SkyAI - Nasdaq: SKYA) is challenging SkyAI’s offer to buy shares through a tender offer at $3.00 per share, demanding full disclosure of the sale of 70% of its Solana holdings in less than a month.
Shocking figures: $SkyAI held more than 2 million $SOL (∼$207 million) on September 14, and now has only around 600,000 SOL left, according to a Form 8-K filing dated October 13. That means it disposed of 70% of its holdings before a $200 million share buyback!
BASTION’S DEMANDS:
Disclose the dates, amounts, prices, gross and net proceeds, and transaction costs
Disclose the board approval process and independent review
Raise the buyback price from $3 to at least $3.50 per share
Cancel the advisors’ warrants and replace board members
Bastion says: “We will not sell our shares in the offer until our concerns are addressed, and we encourage other shareholders not to participate.”
Did SkyAI dispose of $SOL before the buyback to provide liquidity? Treasury manipulation?
Please follow
, , $ETH
#Solana #SkyAI #Bastion #SOL #CryptoNews #bastionpressesskyaioversolsales
🚨 Breaking: Bastion pressures SkyAI over SOL sales — treasury shrinks by 70%! 🚨
Showdown between an activist investor and the company!
Bastion Trading (which owns 9.99% of SkyAI - Nasdaq: SKYA) is challenging SkyAI’s offer to buy shares through a tender offer at $3.00 per share, demanding full disclosure of the sale of 70% of its Solana holdings in less than a month.
Shocking figures: $SkyAI held more than 2 million $SOL (∼$207 million) on September 14, and now has only around 600,000 SOL left, according to a Form 8-K filing dated October 13. That means it disposed of 70% of its holdings before a $200 million share buyback!
BASTION’S DEMANDS:
Disclose the dates, amounts, prices, gross and net proceeds, and transaction costs
Disclose the board approval process and independent review
Raise the buyback price from $3 to at least $3.50 per share
Cancel the advisors’ warrants and replace board members
Bastion says: “We will not sell our shares in the offer until our concerns are addressed, and we encourage other shareholders not to participate.”
Did SkyAI dispose of $SOL before the buyback to provide liquidity? Treasury manipulation?
Please follow
, , $ETH
#Solana #SkyAI #Bastion #SOL #CryptoNews #bastionpressesskyaioversolsales
Showdown between an activist investor and the company!
Bastion Trading (which owns 9.99% of SkyAI - Nasdaq: SKYA) is challenging SkyAI’s offer to buy shares through a tender offer at $3.00 per share, demanding full disclosure of the sale of 70% of its Solana holdings in less than a month.
Shocking figures: $SkyAI held more than 2 million $SOL (∼$207 million) on September 14, and now has only around 600,000 SOL left, according to a Form 8-K filing dated October 13. That means it disposed of 70% of its holdings before a $200 million share buyback!
BASTION’S DEMANDS:
Disclose the dates, amounts, prices, gross and net proceeds, and transaction costs
Disclose the board approval process and independent review
Raise the buyback price from $3 to at least $3.50 per share
Cancel the advisors’ warrants and replace board members
Bastion says: “We will not sell our shares in the offer until our concerns are addressed, and we encourage other shareholders not to participate.”
Did SkyAI dispose of $SOL before the buyback to provide liquidity? Treasury manipulation?
Please follow
, , $ETH
#Solana #SkyAI #Bastion #SOL #CryptoNews #bastionpressesskyaioversolsales
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🎯 Stablecoin Companies Fight for U.S. Bank Charters
📰 Bastion secures the OCC National Trust Company’s preliminary approval, offering stablecoin custody, payments, and white-label issuance; Circle and BitGo have also been approved, while Ripple and Kraken are in the queue
💬 On-chain companies are moving into federal regulation—stablecoins are turning into proper banks. A license is the entry ticket; whoever gets it first sets the rules. This seat-grabbing race is only just heating up
🏷️ #OCC #稳定币 #Bastion #银行牌照 #Traditional finance
🎯 Stablecoin Companies Fight for U.S. Bank Charters
📰 Bastion secures the OCC National Trust Company’s preliminary approval, offering stablecoin custody, payments, and white-label issuance; Circle and BitGo have also been approved, while Ripple and Kraken are in the queue
💬 On-chain companies are moving into federal regulation—stablecoins are turning into proper banks. A license is the entry ticket; whoever gets it first sets the rules. This seat-grabbing race is only just heating up
🏷️ #OCC #稳定币 #Bastion #银行牌照 #Traditional finance
📰 Bastion secures the OCC National Trust Company’s preliminary approval, offering stablecoin custody, payments, and white-label issuance; Circle and BitGo have also been approved, while Ripple and Kraken are in the queue
💬 On-chain companies are moving into federal regulation—stablecoins are turning into proper banks. A license is the entry ticket; whoever gets it first sets the rules. This seat-grabbing race is only just heating up
🏷️ #OCC #稳定币 #Bastion #银行牌照 #Traditional finance
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