Sony Bank files for a national trust charter to issue stablecoins, as Anchorage Digital expands its banking services.
The U.S. crypto banking sector is heating up as Japan-based Sony Bank, a subsidiary of the Sony Financial Group, recently filed with the Office of the Comptroller of the Currency (OCC) for a national trust charter, signaling a growing race among institutions to offer regulated digital asset services.
Dubbed Connectia Trust, N.A., the bank would operate as a trust company in the U.S. and offer cryptocurrency services, including issuing dollar-backed stablecoins, holding digital assets for clients, and managing assets for affiliated companies.
If approved, Sony Bank would be one of the first major global technology companies…
