Sony Received Approval to Establish a U.S. National Trust Bank
Sony Bank received preliminary approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the U.S. that will issue and manage U.S. dollar stablecoins.
The Board of Directors of Sony Financial Group approved the establishment of Connectia Trust, a U.S. subsidiary that will operate as a national trust bank and develop the group’s U.S. dollar stablecoin business. The project is being implemented through Sony Bank, which received conditional approval from the OCC.
According to the announcement, the new entity is intended to provide a long term foundation for Sony Financial Group’s digital business. The new subsidiary will launch with $40 million in initial capital, although the company said it may increase that amount in stages as the business expands.
The company emphasized that stablecoin issuance and any operational activities won’t begin until all required regulatory approvals have been secured, including final approval from the OCC. Until those regulatory procedures are completed, the new subsidiary won’t conduct commercial operations.
Sony Financial Group said establishing a U.S. national trust bank is expected to strengthen the group’s position in the digital asset market over the medium and long term.
Sony Bank applied for a U.S. national trust bank license in October 2025, with plans to launch its own U.S. dollar stablecoins and offer digital asset custody and management services by the end of the first quarter of 2027. In addition, Sony Bank customers in Japan gained access to the Japanese yen denominated stablecoin JPYC in March 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump Says Powell Should Resign as Fed Governor
U.S. President Trump posted on social media demanding that Powell immediately resign from his position as a Federal Reserve governor, threatening that if he refuses, the U.S. government will sue him for corruption or misconduct. This statement stems from a report released by the Federal Reserve's internal inspector general, which, although it did not find any criminal violations, revealed several management failures that led to severe budget overruns in the headquarters renovation project.
AI memory demand continues to surge: Micron (MU.US) surpasses expectations in Q4, with quarterly data center core business revenue increasing by over 10 times year-over-year
Storage chip giant Micron Technology released its financial results for the fourth quarter of fiscal year 2026 after the market closed on Wednesday. Both revenue and profit exceeded Wall Street expectations, and the company provided stronger-than-expected guidance for the next quarter.
Federal Reserve approves stress test reform by a 6-1 vote: Capital requirement volatility halved, sole dissenting vote warns of reduced resilience
The Federal Reserve has officially approved two final rules aimed at increasing transparency and reducing capital requirement volatility by approximately 50%. The new regulations will seek public comments on stress test scenarios and will calculate the capital buffer based on the average of the results from two consecutive years of testing. This averaging mechanism will take effect in 2028. The reforms are the result of years of negotiation within the banking sector and have been welcomed by industry groups. However, critics such as Governor Barr warn that the reforms will weaken the constraints of stress testing and reduce the overall resilience of the banking system.
Crypto prices
More
