Sony Bank‘s Connectia Trust To Focus On Crypto Sector, Submits Request To OCC For National Trust Bank Charter
Sony Bank‘s wholly owned subsidiary, Connectia Trust, has submitted a formal request to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter. This application, submitted earlier this month, signals Sony Group’s commitment to blockchain tech advancements and breakthroughs, aiming to position the Japanese tech provider as a key player in regulated cryptocurrency operations.
If granted, the charter would enable Connectia Trust to launch a suite of services tailored for the evolving needs of institutional and retail users in the U.S. market. At the core of the proposal lies the issuance of stablecoins tied to the value of the U.S. dollar.
These digital tokens, designed to mirror fiat currency…
