Startup profile · funding coverage
Bastion funding, valuation and investors
Enterprise web3 infrastructure for embedded wallets, custody, and stablecoin issuance.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Follow-on
$14.6M · September 2025
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$40M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
seed
Overview
Bastion provides enterprise web3 infrastructure — embedded wallets, digital asset custody, and stablecoin issuance for brands moving from crypto pilots to production. Founded by former a16z crypto CTO/CSO Nassim Eddequin and Vinny Lingham, Bastion white-labels blockchain rails so enterprises can offer wallets and token products without building core crypto infrastructure. a16z crypto led a $25M seed in 2023; a follow-on in 2025 included Coinbase Ventures.
Why Bastion is interesting
Founded by former a16z crypto CTO/CSO; Bastion white-labels blockchain rails for brands moving from pilots to production-grade digital asset products.
Product & use cases
Bastion white-labels embedded wallets, custody, and stablecoin issuance for enterprise brands entering regulated digital asset products.
- Branded embedded wallets for consumer apps
- Enterprise stablecoin issuance programs
- Regulated custody for digital asset products
Key facts
- Seed (Sep 2023): $25M led by a16z crypto for enterprise web3 infrastructure (PR Newswire)
- Follow-on (Sep 2025): $14.6M led by Coinbase Ventures with a16z participation (CoinDesk)
- Co-investors not in VCT directory: Coinbase Ventures, Robot Ventures, Laser Digital, Sony Innovation Fund, Samsung Next
- Source: https://bastion.com/newsroom/introducing-bastion
- VCT directory co-investors: none mapped (non-directory syndicates noted above); reviewed 2026-07-24
Funding history (newest first)
Follow-on
2025-09 $14.6M- Coinbase Ventures (lead)
- Andreessen Horowitz (participant)
Source: https://www.coindesk.com/
Seed
2023-09 $25MInvestors in our directory
Funds linked from Bastion's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Founder pedigree from a16z crypto leadership plus enterprise white-label focus vs. exchange-first infra.
Enterprise web3 infra sits between consumer wallets and institutional custody. Fireblocks owns institutional; Bastion targets brands needing embedded UX. Coinbase Ventures' follow-on validates strategic overlap.
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Fireblocks direct
Institutional custody incumbent; Bastion targets brand-facing white-label.
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Circle adjacent
USDC issuer and APIs; Bastion broader wallet + issuance stack.
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Coinbase Cloud incumbent
Exchange-backed infrastructure; Bastion competes for enterprise white-label.
Notable stories
- Bastion founders previously held CTO/CSO roles at a16z crypto before launching enterprise web3 infrastructure.
Industries
FAQs about Bastion
Practical answers founders, operators, and investors typically search for.
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