Sony Banks received preliminary approval from the OCC to establish a US stablecoin issuance and management business with $40 million in starting capital, planned for July 2026.

Sony Bank received OCC preliminary approval to establish Connectia Trust, a national trust bank for issuing dollar-backed stablecoins, targeting 2027

The trust bank subsidiary, Connectia Trust, is expected to issue and manage a dollar-backed stablecoin, pending final approval.