Sony Bank received preliminary approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank in the U.S. that will issue and manage U.S. dollar stablecoins.
The Board of Directors of Sony Financial Group approved the establishment of Connectia Trust, a U.S. subsidiary that will operate as a national trust bank and develop the group’s U.S. dollar stablecoin business. The project is being implemented through Sony Bank, which received conditional approval from the OCC.
According to the announcement, the new entity is intended to provide a long term foundation for Sony Financial Group’s digital business. The new subsidiary will launch with $40 million in initial capital, although the company said it may increase that amount in stages as the business expands.
The company emphasized that stablecoin issuance and any operational activities won’t begin until all required regulatory approvals have been secured, including final approval from the OCC. Until those regulatory procedures are completed, the new subsidiary won’t conduct commercial operations.
Sony Financial Group said establishing a U.S. national trust bank is expected to strengthen the group’s position in the digital asset market over the medium and long term.
Sony Bank applied for a U.S. national trust bank license in October 2025, with plans to launch its own U.S. dollar stablecoins and offer digital asset custody and management services by the end of the first quarter of 2027. In addition, Sony Bank customers in Japan gained access to the Japanese yen denominated stablecoin JPYC in March 2026.
