Sony Wants Its Own Crypto Bank Too
Sony’s banking division has filed to acquire a national banking charter that would allow its subsidiary, Connectia Trust, to engage in “certain specified activities involving cryptocurrency,” according to the company’s application.
The application from Sony Bank says the company intends for its new trust to issue U.S. dollar-pegged stablecoins, maintain the corresponding reserve assets, and provide custody and digital asset management services.
There’s a growing list of crypto firms filing applications for crypto banking charters from the Office of the Comptroller of the Currency, including payments processor Stripe, crypto exchange Coinbase, stablecoin issuer Paxos Trust, and USDC issuer Circle.
So far only Anchorage…
