Overview

• Sony Bank submitted an OCC application to charter Connectia Trust as a national bank focused on digital assets, with the request now pending review.
• The filing outlines plans to issue U.S. dollar‑pegged stablecoins, hold corresponding reserves, provide non‑fiduciary custody, and manage assets as a fiduciary for certain affiliates.
• The move follows the GENIUS Act’s stablecoin framework, joining reported charter bids from Stripe, Coinbase, Paxos Trust, and Circle.
• Anchorage Digital Bank remains the only firm with a fully approved de novo OCC charter, after a 2022 cease‑and‑desist was lifted in August 2025.
• Stablecoins carry an estimated $312 billion market capitalization with expectations for growth, as Sony builds on earlier crypto efforts such as its Soneiun layer‑2 project with Startale.