Overview
- Sony Bank filed with the OCC to charter its Connectia Trust subsidiary as a national bank focused on digital assets, and the application is pending review.
- The plan details issuance of a U.S. dollar‑pegged stablecoin backed by reserve assets along with non‑fiduciary custody and fiduciary asset management services.
- The application states initial operations will be limited to digital‑asset activities the OCC has previously deemed permissible for national banks.
- Sony joins Stripe, Coinbase, Paxos and Circle in seeking similar OCC approvals, while Anchorage Digital Bank remains the only firm with a full de novo charter.
- The company positions the venture within its banking arm and separate from entertainment units as firms chase a stablecoin market reported at about $312 billion.