Sony Bank Wins OCC Approval for $40M Connectia Trust to Issue USD Stablecoin

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Sony Bank secured conditional OCC approval for Connectia Trust, a new subsidiary chartered to issue U.S. dollar stablecoins, on July 7, 2026. The entity will operate with $40 million in capital and targets commercial launch in 2027. Under a December 2025 partnership agreement, Bastion Platforms will handle stablecoin issuance, redemption, reserve management, and custody operations. Final approval from the OCC and Japanese regulators remains pending before any stablecoin activity can begin.
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