Sony Bank secures OCC approval to establish Connectia Trust for stablecoin issuance

The post Sony Bank Wins OCC Approval to Launch US Dollar Stablecoin via $40M Trust Unit appeared on BitcoinEthereumNews.com. Crypto News Sony Bank, the internet-banking arm of Japan’s Sony Financial Group, has secured preliminary conditional approval from the United States Office of the Comptroller of the Currency (OCC) to form a national trust bank subsidiary built to issue and operate a US dollar stablecoin. The clearance, disclosed on July 7 local time, is a procedural milestone rather than a final license. Our reading of the filing is deliberately narrow in scope: the OCC approval covers only the chartering pathway, not live issuance. Sony Bank confirmed it will not mint or circulate any token until every remaining authorization is granted, positioning the move as the opening step in a longer regulatory process. The new entity will be named Connectia Trust, National Association, and it is structured as a special-purpose trust bank rather than a conventional lender. According to the

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Sony Bank wins conditional OCC approval for Connectia Trust, a $40M national trust bank set to issue a dollar-backed stablecoin by 2027. The post Sony Approved to Launch Sony Stablecoin appeared first on 99Bitcoins.

The post Sony Bank Secures Preliminary Approval for US Stablecoin Business appeared on BitcoinEthereumNews.com. Sony Bank, a subsidiary of Sony Financial Group, said it’s received preliminary approval to establish a new US national trust bank subsidiary that will issue US dollar-denominated stablecoins. The new unit, Connectia Trust, National Association, gained preliminary approval from the Office of the Comptroller of the Currency (OCC) on July 2. It will be fully owned by Sony Bank and will support the issuance and management of US dollar-denominated stablecoins, according to a Monday announcement by Sony Financial Group. The approval signals Sony’s entry into regulated US stablecoin issuance, part of a long-term digital asset business foundation, which it is backing with $40 million in starting capital. Sony Bank said that no business activities or stablecoin issuance will be conducted until all approvals and authorizations are received, including the final approval from the OCC. T

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Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a US stablecoin issuance business, with $40 million in starting capital.

The post Sony Bank Clears OCC Hurdle for Dollar Stablecoin appeared on BitcoinEthereumNews.com. In brief Japan’s Sony Bank has won conditional approval from the U.S. Office of the Comptroller of the Currency to set up a national trust bank, Connectia Trust, to issue a dollar-backed stablecoin. The subsidiary will be established this month with $40 million in capital and is expected to begin operations in 2027, pending final approval. Sony envisions U.S. customers using the token to pay for video games, anime and subscriptions across its ecosystem. Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, moving Japan’s Sony Financial Group closer to issuing its own dollar-backed stablecoin. The lender plans to set up a wholly owned subsidiary, Connectia Trust, this month with $40 million in capital, it said in a statement dated July 6. The unit would issue and manage a dollar-denominated stablecoin, and is exp