Dotfile, an AI platform specializing in global AML compliance, has announced a partnership with Bastion, a financial institution providing regulated stablecoin services. This collaboration aims to power onboarding and risk management solutions for enterprise-grade stablecoin programs.
Stablecoins are transitioning from crypto-native assets to financial instruments for enterprise use. In the U.
S., New York’s Department of Financial Services (NYDFS) has established regulatory standards for issuers. Bastion operates under this framework as one of 13 limited purpose trust companies. With major brands exploring branded stablecoins for treasury management and consumer payments, there is an increasing demand for KYC capabilities that balance user experience with regulatory adherence.
The partnership delivers a comprehensive verification platform that integrates an all-in-one solution for safely onboarding both institutional clients (KYB) and individual users (KYC). This platform orchestrates data from multiple verification sources, allowing users globally to complete onboarding through their preferred methods. Leveraging AI, the solution automates sanctions and PEP screening, document verifications, and risk assessments to enhance compliance operations. It also supports adaptation to various regulatory contexts, ensuring compliance with local requirements and providing bank-level due diligence across jurisdictions.
Vasco Alexandre, Founder and CEO at Dotfile, stated that Bastion’s enterprise focus necessitates flexible, auditable, and scalable onboarding. He added that the partnership enables a compliant path for stablecoin initiatives, from treasury applications to consumer rollouts. Rohan Kohli, Chief Risk & Compliance Officer at Bastion, emphasized the company’s focus on compliance and operating under stringent regulations for enterprise stablecoin implementations, noting that partners like Dotfile are crucial for meeting these standards efficiently.
Dotfile currently generates approximately a quarter of its revenue from the U.
S. market and anticipates this share will reach about half within 18 months. The company plans to open a New York office in the first half of 2026. Dotfile provides AI-powered compliance intelligence and orchestration solutions to over 80 financial institutions across 15 countries, combining advanced technology with regulatory expertise to streamline compliance and mitigate risk. The company reports 3x year-over-year revenue growth and is supported by investors including Serena Capital and Seaya Ventures.
Bastion, which provides secure and compliant stablecoin issuance, wallets, on/off ramps, cards, and yield products for enterprises and financial institutions, operates a subsidiary, Dibbs Trust Company, LLC. Dibbs Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services for virtual currency business, with a material change request pending.
