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Bastion Receives Conditional OCC Approval for National Trust Bank

By Markets Desk · · Updated 2026-09-20 22:48 UTC
A heavy iron vault door set into a rough stone wall
Illustration: Tradingbird

Bastion has secured conditional OCC approval for a non-depository national trust bank focused on digital asset custody and payment clearing. While the charter provides a federal regulatory framework for institutional services, the firm remains subject to pre-opening conditions before it can fully launch.

  • TradingView details that the OCC’s Corporate Decision 1391, dated September 18, explicitly authorizes digital asset payment-clearing activities in addition to custody services. The report clarifies that Bastion must still meet standard pre-opening requirements regarding capital, systems, and management before it can commence operations.

    Source: TradingView

  • Bastion secured conditional OCC approval to form a non-depository national trust bank for digital asset custody.

    Source: CryptoRank
Based on reporting by CryptoRank and TradingView, compiled by the Tradingbird desk.

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