Sony Receives Conditional Approval to Establish U.S. Trust Bank for Stablecoin Issuance
Sony's online bank, part of the Sony Financial Group, has received conditional approval from U.S. regulators to establish Connectia Trust as a national trust bank subsidiary. This will allow it to issue dollar-backed stablecoins and manage their lifecycle in-house under federal oversight.
Topics: digital assets OCC Sony stablecoins trust bank