Sony Bank Secures Conditional Approval from U.S. Regulator for Dollar Stablecoin
Sony Bank has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, advancing its plans to launch a dollar-backed stablecoin in partnership with Bastion. The subsidiary, Connectia Trust, will be capitalized at $40 million and is expected to begin operations by 2027.
Topics: digital assets dollar stablecoin OCC approval Sony Bank