Sony Bank Gets Conditional OCC Approval for a US Dollar Stablecoin Trust Bank
Sony Bank has received conditional approval from the OCC (Office of the Comptroller of the Currency) to establish a US dollar stablecoin trust bank. The provided text contains no additional details beyond the headline, as the body consists only of page styling code.
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The approval lets Sony Bank form Connectia Trust, a $40 million-capitalized national trust subsidiary targeting a 2027 launch, following the OCC charter path already pursued by Circle, Ripple, and Paxos.
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