Bastion is thrilled to announce the integration of Optimism, a leading Ethereum Layer 2 scaling solution, into our highly scalable and cost-efficient regulated custodial wallet APIs. This integration marks another significant step in our mission to provide the most secure, compliant, and user-friendly wallet infrastructure for the evolving web3 ecosystem, particularly for companies operating in the United States.

Elevating Regulated Wallets on Optimism

By integrating Optimism, Bastion is setting a new benchmark for regulated wallet solutions on Layer 2 blockchains. Our APIs offer enhanced scalability on Optimism, allowing businesses to focus on innovation while we manage the intricacies of compliance and security. This approach underscores our commitment to providing immediate access to cutting-edge blockchain technology, wrapped in a layer of regulatory assurance that adheres to US laws.

Key Features for Regulated Services on Optimism

Companies building financial services on Optimism can now leverage Bastion's platform to:

• Securely custody a wide range of digital assets on Optimism
• Deploy and interact with Optimism smart contracts through our robust, compliant API
• Ensure adherence to US regulatory requirements, including AML and KYC processes
• Scale operations efficiently with our cost-effective pricing model, optimized for Optimism's lower gas fees

Empowering Diverse Financial Services on the Superchain

Our Optimism integration is tailored to support companies in:

• Payments: Facilitate compliant, fast, and cost-effective P2P payments, retail checkout, merchant payment acceptance, and payouts on Optimism
• Loyalty Programs: Implement token-based loyalty systems with built-in regulatory safeguards
• Brokerage Services: Offer regulated trading services for Optimism-native assets
• Central Exchanges: Integrate Optimism support into existing exchange infrastructure securely
• On-ramps / Off-ramps: Provide compliant fiat-to-crypto and crypto-to-fiat services for Optimism

The Power of Regulation-First Wallets on Optimism

At Bastion, we believe that the future of embedded wallets on Layer 2 networks like Optimism lies in regulation. By prioritizing compliance from the ground up, we're not just meeting current US standards – we're anticipating future regulatory shifts. This proactive approach provides our clients building on Optimism with a competitive edge and peace of mind in an increasingly scrutinized industry.

Our regulated wallet APIs for Optimism are built on a foundation of:

• Robust Compliance: Seamlessly integrating AML/KYC processes tailored for Optimism transactions
• Enhanced Security: Leveraging cutting-edge hardware and software key management technology optimized for security at scale
• Optimism-Specific Scalability: Designed to grow with your business on Optimism, from startup to enterprise
• L2 Cost-Efficiency: Offering competitive pricing that takes advantage of Optimism's lower transaction costs

Looking Ahead

This Optimism integration is a significant milestone in our ongoing efforts to expand our offerings. We're continuously working to support new networks, enhance our features, and stay ahead of regulatory curves. In the coming months, we'll be rolling out support for additional chains as well as new tools to build exceptional products.

Join us in shaping the future of regulated blockchain infrastructure on Optimism. Ready to experience the future of compliant wallets on this leading Layer 2 solution? Get in touch with our team to learn more about how we can accelerate your blockchain initiatives on Optimism while ensuring full regulatory compliance.