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Sony Gets Conditional OCC Approval for Stablecoin Trust Bank

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Sony Group received conditional OCC approval to establish a trust bank for issuing and managing a dollar-backed stablecoin with $40 million in capital. Connectia Trust is set to be established this month under Sony Financial Group. Sony is preparing to launch the business in 2027, but specific products and target customers were not specified. The OCC reserved the right to require Connectia to appoint a full-time CFO who cannot hold other positions.
SONY-1.13%
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