Sony Receives Conditional Approval from the U.S. Office of the Comptroller of the Currency to Establish Trust Bank, Plans to Advance USD Stablecoin Business
Source:
www.bankingdive.com
According to Banking Dive, Sony has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, Connectia Trust, in the United States, which is planned to launch in 2027 with a registered capital of $40 million. According to the disclosure, the entity will prepare for the future issuance and management of USD-denominated stablecoins in the United States.