Sony Bank Seeks OCC Charter for Regulated Stablecoin Issuance

Sony Bank has applied for a national banking charter from the Office of the Comptroller of Currency (OCC) to issue regulated U.S. dollar-pegged stablecoins. The application, submitted by its subsidiary Connectia Trust, aims to provide custody services and manage digital asset reserves. This move joins other companies like Coinbase, Circle, and Paxos, all seeking federal regulation for their stablecoin ventures. If successful, Connectia Trust could become one of the first technology-focused banks authorized to issue stablecoins under U.S. regulations.