In brief
- Sony Bank’s subsidiary Connectia Trust has filed for a national banking charter to issue dollar-pegged stablecoins, maintain reserve assets, and offer digital asset custody and management services.
- The application joins a growing list of crypto firms seeking OCC charters, including Stripe, Coinbase, Paxos, and Circle.
- Sony Bank is part of Sony Group’s diverse portfolio but operates separately from Sony Interactive Entertainment.
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…
Oct 15 2025
