- Sony Bank received conditional U.S. approval for a trust bank.
- The subsidiary plans to issue a dollar-backed stablecoin.
- The stablecoin could be used across Sony's digital services.
- Final approval is still required before launch.
Sony Bank has received conditional approval from U.S. regulators to establish a national trust bank that will issue a dollar-backed stablecoin.
The new subsidiary, Connectia Trust, is expected to launch in 2027 after receiving final regulatory approval. Sony plans to capitalize the entity with $40 million and use it as the foundation for its digital asset strategy in the United States.
The stablecoin is expected to support payments across Sony's ecosystem, including video games, anime, subscriptions, and other digital services.
Sony joins a growing list of companies seeking national trust bank status as stablecoin adoption accelerates. Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos have also received conditional approvals from the Office of the Comptroller of the Currency.
While the approvals have faced criticism from some U.S. lawmakers, supporters argue they provide a regulated framework for stablecoin issuance and custody.
Sony's latest move highlights how major global companies are increasingly integrating blockchain payments into mainstream consumer services.
