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Sony Bank Wins OCC Approval to Issue Dollar Stablecoin via $40M Connectia Trust

Partnerships & Ecosystem

2026-07-09 11:07:11

SONY-1.14%

Sony Bank won conditional approval from the U.S. Office of the Comptroller of the Currency on July 6 to establish a national trust bank, Connectia Trust, for issuing a dollar-backed stablecoin. The subsidiary will be set up this month with $40 million in capital and is expected to begin operations in 2027 pending final regulatory clearance. The trust will issue and manage a dollar-denominated stablecoin, with Sony planning to enable U.S. customers to use the token for purchases across its ecosystem including PlayStation and Crunchyroll. Sony Bank has partnered with infrastructure firm Bastion to handle issuance, reserve management and custody of the stablecoin.

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In-Depth Analysis

Swift Launches Blockchain Ledger for Tokenized Deposit Pilot with 17 Banks

Ethan Brooks1h ago

Sony Bank Receives Conditional OCC Approval for US Trust Bank

Crypto Frontier4h ago

Connectia Trust, a subsidiary of Sony Financial Group, has been approved by the OCC and will launch a stablecoin in 2027.

Market Whisper6h ago

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