Sony Bank, a financial arm majority-owned by Sony, has officially applied for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC). The goal: to issue and manage stablecoins in the U.S. market and offer custody services for digital assets.
According to the filings, Sony’s proposed trust subsidiary (called Connectia Trust) would be empowered to deploy U.S. dollar-pegged stablecoins, maintain the reserve assets backing them, and provide digital asset custody and management services.
This development comes amid a wave of firms seeking federal charters under more clearly defined stablecoin legislation, especially following the passage of the GENIUS Act, which formalized rules for payment stablecoin issuance in the U.S.
Sony is joining a growing list of companies, including Stripe / Bridge, Coinbase, Circle, and Paxos, that have sought or are seeking national trust charters to operate in the regulated stablecoin space.
If approved, Sony Bank’s trust charter would allow the company to bridge its traditional banking operations with blockchain and digital asset capabilities, positioning it for new roles in payments, tokenization, and crypto custody.