Sony wins conditional OCC approval for U.S. trust bank, eyes 2027 stablecoin launch

Sony Bank has received conditional approval from the Office of the Comptroller of the Currency to establish Connectia Trust, a U.S. national trust bank that will be capitalized with $40 million and is intended to issue and manage a dollar-backed stablecoin. The wholly owned subsidiary, disclosed on July 7, 2026, was approved by Sony Bank's board a day earlier and is targeting a 2027 launch, subject to final clearance from the OCC and Japanese regulators. Sony has said the token would be used by American customers for video games, anime, subscriptions and other digital content across its ecosystem, potentially lowering payment costs. Bastion Platforms, under a December 2025 agreement, is set to provide issuance, redemption, reserve management and custody infrastructure. The plan comes as the U.S. stablecoin market expands under the GENIUS Act and more firms seek federal trust charters rather than state-by-state licenses.

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