The proposal covers a restricted Sony payment network and custody services, but public filings do not mention PlayStation, the PlayStation Store, or game purchases.
Sony Bank has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) (U.S. national bank regulator) for Connectia Trust, a proposed Sony Bank-owned trust bank that would issue a dollar-backed stablecoin, hold reserves, provide custody, and support transfers inside a restricted, permissioned closed-loop network. The plan is aimed at U.S. retail customers who already have relationships with Sony Group or its subsidiaries, as well as Sony Group companies. While online speculation has linked the move to PlayStation game purchases, neither the OCC decision nor Sony Bank’s announcement mentions PlayStation, the PlayStation Store, or buying games with the token. The approval is only preliminary, and Connectia cannot begin operations until it meets pre-opening requirements and wins final approval. Sony Bank said it is preparing for a possible 2027 opening, subject to required approvals, and said neither the opening date nor stablecoin issuance is guaranteed. Any PlayStation payment use would require a further product decision, since the filing does not commit any named Sony service to the network. Sony’s corporate record also shows it completed a partial spin-off of its financial-services business in October 2025 and retained a 16.40% stake in Sony Financial Group, making the trust-bank approval only one part of any broader payment plan.