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XRP Stalls Despite Ripple’s OCC Win – Here’s The Institutional Catch
Yahoo Finance· 2025-12-12 22:29
The Office of the Comptroller of the Currency (OCC) conditionally approved national trust bank charters for five digital asset firms on Friday, including Ripple, Circle, and Fidelity Digital Assets. The move formally integrates these entities into the federal banking system, granting them direct access to the Federal Reserve’s payment rails and pre-empting state-level oversight. “New entrants into the federal banking sector are good for consumers, the banking industry, and the economy,” Comptroller Jonat ...
Sony Shocks Wall Street: Tech Giant Seeks U.S. Bank License to Issue Its Own Stablecoin
Yahoo Finance· 2025-10-16 12:12
Core Insights - Sony's banking division, Sony Bank, has applied to establish a national crypto bank under its subsidiary "Connectia Trust," aiming to issue a U.S. dollar-backed stablecoin [1][2] - If approved, Sony would be the first major global technology company to receive a U.S. bank charter specifically for stablecoin issuance, joining other firms like Coinbase and Ripple in seeking OCC approval [2][4] - The move reflects the evolution of stablecoins into mainstream financial instruments, particularly following the passage of the GENIUS Act, which established a federal framework for stablecoin issuers [3] Company Plans - The application details plans to issue a U.S. dollar-pegged stablecoin, maintain reserve assets, and provide digital asset custody and management services [2][4] - Sony Bank intends to engage in permissible digital asset activities, including the issuance of stablecoins and maintenance of reserve assets, as well as non-fiduciary digital asset custody services [5] Regulatory Context - The OCC is the sole regulator that can issue a national bank charter, allowing firms to operate banking activities across all U.S. states under one license, which is crucial for crypto firms seeking legitimacy [6] - An OCC charter provides access to the Federal Reserve's payment systems and enhances credibility with institutional partners [6]
X @Circle
Circle· 2025-08-28 16:00
Circle Alliance Program member @AminaBankGlobal is helping bridge traditional and digital finance with crypto banking.By supporting access to @USDC and EURC, AMINA helps individuals and institutions to transact with confidence across a global infrastructure.https://t.co/5g5jXD2WTJ ...