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07/09/2026

Sony Secures Conditional OCC Approval for U.S. Stablecoin Trust Bank

What happened: Sony Bank has received preliminary conditional approval from the U.

Sony Secures Conditional OCC Approval for U.S. Stablecoin Trust Bank

What happened: Sony Bank has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Connectia Trust, N.A., a national trust bank in New York. The $40 million-capitalized subsidiary will focus on dollar stablecoin issuance, custody, and related services, with operations targeted for 2027 pending final regulatory sign-off.

Why it matters: Sony’s move positions it among a select group of global firms—alongside Stripe, Paxos, and Circle—pursuing regulated stablecoin infrastructure in the U.S. With stablecoin transaction volumes topping $1.79 trillion in the past month, Sony aims to leverage its payments and entertainment ecosystem for digital dollar adoption. However, the approval is conditional, and the company must meet further OCC requirements before launch.

Source: CoinDesk