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Sony Shocks Wall Street: Tech Giant Seeks U.S. Bank License to Issue Its Own Stablecoin
Yahoo Finance· 2025-10-16 12:12
Sony has taken Wall Street by surprise after its banking division, Sony Bank, filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish a national crypto bank under its subsidiary “Connectia Trust.” The move positions the Japanese tech giant to become one of the first major global corporations to issue a U.S. dollar–backed stablecoin through a federally regulated institution. The application outlines plans to issue a U.S. dollar-pegged stablecoin, maintain the reserv ...