Sony received conditional approval from the U.S. OCC to launch a stablecoin trust bank in 2027

According to BankingDive, Sony has obtained conditional approval from the U.S. Office of the Comptroller of the Currency to establish a National Trust Bank and plans to launch ConnectiaTrust in 2027, focusing on the issuance and management of U.S. dollar stablecoins. The trust subsidiary is part of Sony Financial Group and has a capital of US$40 million.