Crypto startup Bastion has received money-transmitter licenses in New Hampshire and Arkansas, allowing them to support fungible assets in both states. The acquisition of these licenses just one month after their product launch aligns with Bastion's mission to provide enterprises with a secure and compliant solution for digital assets. The startup also has pending applications in other states as they aim to collaborate with regulators to expand their services across the US. Bastion, founded by Nassim Eddequiouaq and Riyaz Faizullabhoy, raised $25 million in funding from venture capital firm Andreessen Horowitz. Their three-pillar solutions focus on addressing issues in Web3 infrastructure services, including digital goods ownership and monetization, smart transaction routing, and customer analytics. These solutions enable businesses to integrate web3 infrastructure seamlessly and provide a faster and more efficient payment experience for customers. With the newly obtained licenses, Bastion plans to scale and collaborate with industry players while maintaining their commitment to immersive utilities for users.
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