[Block Rhythm] Sony's banking operations have started engaging with stablecoins. On December 2nd, Bastion, which specializes in providing stablecoin services to Financial Institutions, reached a strategic partnership with Sony Bank—simply put, Bastion will assist Sony Bank with stablecoin issuance, money management, and custody services.
This matter has actually been in the works for some time. In September of this year, Bastion raised a round of financing of 14.6 million US dollars, led by a major exchange, with a pretty luxurious lineup of investors: Sony's own venture capital department, Samsung's investment arm, a16z Crypto, and Hashed from Korea all participated. It seems that at that time, Sony's investment in Bastion was likely aimed at laying out a strategy in the stablecoin sector.
Traditional financial giants are entering the stablecoin space, and this trend is becoming increasingly evident. Sony Bank's recent move has added fuel to the market, and how it plays out in the future is worth continuing to observe.
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MysteryBoxOpener
· 6h ago
Sony's move is ruthless, going from investing in Bastion to direct collaboration, it's clear they are playing a long game.
Traditional financial giants are flocking into stablecoins, it really feels like the wind is shifting.
a16z and Samsung are investing, this can't be just a coincidence.
The stablecoin sector is about to undergo a transformation, the pace is a bit fast.
When Sony gets involved, it's different; who will be next?
Traditional finance is also beginning to believe in Web3, times have really changed.
The triangular situation is forming, major players are queuing to get on board.
This wave of operations is a bit ahead of the curve, it seems Sony is serious.
The financing lineup for Bastion looks extraordinary, no wonder they can secure a partnership with Sony.
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FlashLoanLarry
· 6h ago
so sony's basically just signaling their stablecoin thesis now? saw this coming after that bastion round tbh. the capital allocation here is *chef's kiss* – they're extracting value from both the equity upside and protocol integration simultaneously. low-key genius.
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TokenomicsTherapist
· 6h ago
Sony is also getting into stablecoins; TradFi really is about to get on board.
Traditional finance can no longer hold back; the collaboration with Bastion has long been planned.
Big companies are positioning themselves, and it's bound to get crazier.
a16z and Samsung have both invested in Bastion; this funding round lineup is incredible.
Sony Bank's move is quite clever, preemptively positioning itself in the stablecoin space.
At this rate, stablecoins will become a standard in traditional finance.
With traditional giants flocking in, what should retail investors do?
Sony Bank has taken action; can other banks sit still?
It seems stablecoins are no longer niche products.
Once traditional financial giants take over, the landscape of this space will change dramatically.
Sony Bank + Bastion, the combination is quite something.
Are big companies rushing into stablecoins because they truly believe in them, or is it just another wave of playing people for suckers?
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TokenTherapist
· 6h ago
Sony has gotten on board, and TradFi really can't turn back now.
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CoffeeOnChain
· 6h ago
Sony has gotten on board, the TradFi FOMO is really unstoppable.
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SorryRugPulled
· 6h ago
Sony has started to play with stablecoins, and now TradFi really can't sit still.
It was already apparent; that round of financing laid the groundwork.
This wave of stablecoins is going to explode.
Sony Bank officially enters the stablecoin business, partnering with Bastion to layout Web3 finance.
[Block Rhythm] Sony's banking operations have started engaging with stablecoins. On December 2nd, Bastion, which specializes in providing stablecoin services to Financial Institutions, reached a strategic partnership with Sony Bank—simply put, Bastion will assist Sony Bank with stablecoin issuance, money management, and custody services.
This matter has actually been in the works for some time. In September of this year, Bastion raised a round of financing of 14.6 million US dollars, led by a major exchange, with a pretty luxurious lineup of investors: Sony's own venture capital department, Samsung's investment arm, a16z Crypto, and Hashed from Korea all participated. It seems that at that time, Sony's investment in Bastion was likely aimed at laying out a strategy in the stablecoin sector.
Traditional financial giants are entering the stablecoin space, and this trend is becoming increasingly evident. Sony Bank's recent move has added fuel to the market, and how it plays out in the future is worth continuing to observe.