Sony Bank Receives OCC Conditional Approval for $40M US Trust Bank, Eyes 2027 Stablecoin Launch

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Sony Bank received conditional approval from the Office of the Comptroller of the Currency (OCC) on July 9, 2026, to establish Connectia Trust, a U.S. national trust bank subsidiary. The entity will be capitalized at USD 40 million and focus on issuing and managing U.S. dollar-denominated stablecoins, with commercial operations targeted to commence in 2027 pending final regulatory clearance.
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