Sony Bank gets OCC pre-approval; it won’t open until 2027. Traditional finance is entering stablecoins at a pace half a step behind DeFi, but once its compliance credentials are in place, it’s a dimensionality-reduction strike.

CoinJie.com news: Wu Shuo learned that Sony Bank has announced it has obtained the U.S. Office of the Comptroller of the Currency (OCC)’s preliminary conditional approval. The bank plans to establish a national trust bank, Connectia Trust, in the United States to prepare for businesses such as the issuance and management of U.S. dollar stablecoins. This subsidiary is wholly owned by Sony Bank. It plans an initial investment of $40 million and expects to open in 2027 after obtaining regulatory approvals from both Japan and the U.S. This approval is still in a preliminary stage—before receiving the OCC’s final approval, the bank may not issue stablecoins or officially begin operations.