Sony Bank Gets Conditional OCC Approval to Issue Dollar-Backed Stablecoin in the US

Sony Bank has received conditional approval from the US Office of the Comptroller of the Currency (OCC) for its subsidiary, Connectia Trust, to operate as a US trust bank. Connectia Trust is expected to issue and manage a dollar-backed stablecoin once final approval is granted. The move signals Sony's growing push into the digital asset space.