Could Sony’s ecosystem be the key to stablecoin adoption?

Sony Bank has received conditional approval to launch a U.S.-based stablecoin bank. The Japan-based financial institution this week announced it had a tentative green light from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The new business, known as Connectia Trust, National Association, will be capitalized with $40 million, […] The post Sony Gets C

Stablecoins “entering the mainstream” may be overused, but Sony’s plans could be key for this phrase coming to fruition. Sony Bank has secured conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank. Months of regulatory back and forth have led to this point, with the […]

Japan’s Sony Bank has secured conditional approval from the Office of the Comptroller of the Currency to set up a US national trust bank subsidiary.

The Japanese conglomerate aims to launch Connectia Trust, which will issue and manage stablecoins, in 2027. Banking trade groups and consumer advocates voiced their objection months ago.