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Bastion enables businesses and enterprises to offer the next generation of on-chain and off-chain products via its powerful API and cutting-edge technology stack, unlocking the full potential of digital interactions for everyone. Organizations of any size and customer base can now seamlessly integrate web3 infrastructure into existing technologies through our compliant, white-label platform that includes custodial wallets, smart transaction routing, and data analytics.
Received conditional approval from OCC, Bastion can apply to establish a national trust bank
stablecoin infrastructure company Bastion has received conditional approval from the U.S. Office of the Comptroller of the Currency to apply to establish a national trust bank. Founded in 2023 by two former a16z crypto executives, Bastion provides white-label stablecoin issuance, reserve custody, customer wallets, and payment infrastructure for enterprises; its investors include Coinbase Ventures, Sony Innovation Fund, and Samsung Next, and its latest funding round last year raised $14.6 million.
Solana treasury company SkyAI shareholder seeks to veto all directors, company in governance crisis
Odaily News - Bastion Trading Limited, a shareholder holding 9.99% of Solana treasury company SkyAI, stated in an SEC filing that it plans to vote against all five current directors at the annual shareholders' meeting on September 18. Bastion expressed deep concerns over the company's amendments to its charter that weaken shareholder rights, the board's implementation of a poison pill without shareholder vote, and related-party transactions. Independent director Annemarie Tierney resigned in December 2025, having previously raised issues regarding potential conflicts of interest and related-party transactions with management. SkyAI, formerly Sharps Technology, established its Solana treasury in August 2025 through a PIPE financing round raising over $400 million. The company currently holds approximately 2 million SOL, with a current market value of around $59 million. Its stock price has declined approximately 86% over the past year.
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Bastion Receives Conditional Approval from OCC to Advance National Trust Bank Charter Application
Bastion has secured conditional approval from the US Office of the Comptroller of the Currency (OCC), officially initiating its national trust bank license application. The institution plans to leverage this authorization to establish stablecoin and payment infrastructure under federal regulatory oversight.
Received conditional approval from OCC, Bastion can apply to establish a national trust bank
stablecoin infrastructure company Bastion has received conditional approval from the U.S. Office of the Comptroller of the Currency to apply to establish a national trust bank. Founded in 2023 by two former a16z crypto executives, Bastion provides white-label stablecoin issuance, reserve custody, customer wallets, and payment infrastructure for enterprises; its investors include Coinbase Ventures, Sony Innovation Fund, and Samsung Next, and its latest funding round last year raised $14.6 million.
SkyAI faces joint pressure from acquirer Forward Industries and shareholders, casting doubt on the prospects of a board election.
According to The Block, SkyAI, a Solana financial company, faces dual pressure ahead of its September 18 annual shareholder meeting: Bastion Trading, which holds a 9.99% stake, along with affiliated shareholders, have announced they will vote "against" all five board candidate nominees, citing reasons such as unilateral amendments to the company's articles of incorporation, the rollout of a "poison pill" plan without a shareholder vote, and related-party transaction issues. Meanwhile, potential acquirer Forward Industries, the largest publicly traded financial company on Solana, has also published an open letter urging shareholders to oppose all board candidates and the company’s proposed 2026 equity incentive plan—which would issue an additional 5,145,000 shares for equity awards, resulting in a dilution exceeding 7.2%. Earlier this June, Forward had proposed acquiring SkyAI through an all-stock deal at $1.55 per share (representing a 20% premium at the time), but the board rejected the offer in July. Since then, Forward’s stock price has climbed over 50%, while SkyAI’s has remained essentially flat around $1.35. Forward has also questioned related-party transactions tied to companies controlled by the brother of Alice Zhang, SkyAI’s chief information officer and director, and stated it remains open to a potential strategic merger.
Solana treasury company SkyAI shareholder seeks to veto all directors, company in governance crisis
Odaily News - Bastion Trading Limited, a shareholder holding 9.99% of Solana treasury company SkyAI, stated in an SEC filing that it plans to vote against all five current directors at the annual shareholders' meeting on September 18. Bastion expressed deep concerns over the company's amendments to its charter that weaken shareholder rights, the board's implementation of a poison pill without shareholder vote, and related-party transactions. Independent director Annemarie Tierney resigned in December 2025, having previously raised issues regarding potential conflicts of interest and related-party transactions with management. SkyAI, formerly Sharps Technology, established its Solana treasury in August 2025 through a PIPE financing round raising over $400 million. The company currently holds approximately 2 million SOL, with a current market value of around $59 million. Its stock price has declined approximately 86% over the past year.