Sony Bank gets US regulator nod to issue stablecoins
Sony Bank received preliminary approval from the U.S. Office of the Comptroller of the Currency to create Connectia Trust, a fully owned national trust bank subsidiary in the U.S. The new unit will support issuance and management of U.S. dollar-denominated stablecoins and is backed by $40 million in starting capital. Sony says no stablecoin issuance or other business activity will begin until all final approvals are secured, but it plans to launch the subsidiary this month. The move marks Sony’s entry into regulated U.S. stablecoin infrastructure as banks increasingly explore stablecoin integration despite uncertain U.S. regulation. Sony Bank also previously signed an MOU with Japanese stablecoin issuer JPYC to study linking a yen-pegged stablecoin to its deposit rails.
