TechFlow reports, July 9, according to Banking Dive, Sony has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, Connectia Trust, in the United States, planned to launch in 2027, with a registered capital of $40 million. According to the disclosure, the entity will prepare for the issuance and management of USD-denominated stablecoins in the United States in the future.
This application was previously opposed by U.S. banking organizations and consumer rights groups. These parties believe that granting trust bank licenses to stablecoin issuers may weaken the traditional boundaries between banking and commerce, and allow institutions to obtain federal regulatory status without assuming certain banking obligations.
