Bastion CEO: Major Corporations Seek Direct Control Over Payment Rails

Bastion CEO Nassim Eddequiouaq stated that major companies are increasingly looking to bypass traditional card networks like Visa and Mastercard by developing their own branded stablecoins. Bastion, which was named the sole stablecoin issuance provider for Sony Bank on December 1, 2025, provides white-label infrastructure for reserve management and compliance. The partnership aims to enable Sony Bank to launch a USD-backed stablecoin by 2026, pending regulatory approval, allowing the company to manage its own payment economics and reduce reliance on intermediaries.