REGULATION | Sony Gets Regulatory Approval to Issue Dollar-Backed Stablecoins

Sony Bank has received preliminary approval from U.S. banking regulators to establish a national trust bank that will oversee the issuance and management of U.S. dollar-denominated stablecoins marking the latest move by a global financial institution into regulated digital assets.

The approval signals Sony’s entry into regulated U.S stablecoin issuance.

Sony Bank is part of the broader Sony Group, the same Japanese conglomerate behind PlayStation, Sony Pictures Entertainment, Sony Music, Sony Electronics, and Sony Semiconductor.

The Office of the Comptroller of the Currency (OCC) granted conditional approval for the creation of Connectia Trust, National Association, a wholly owned U.S. subsidiary of Sony Bank. The entity will serve as the foundation for the bank’s planned stablecoin business backed by an initial capital investment of $40 million.

Sony Bank said the subsidiary will not begin operations or issue stablecoins until it receives final regulatory approval and any other required authorizations from U.S. authorities. The bank expects to launch the unit later in July 2026 once those approvals are secured.

The move extends Sony Financial Group’s digital asset strategy beyond Japan and into the U.S. where banks and financial institutions are increasingly exploring regulated stablecoin issuance following a more supportive regulatory environment.

Sony Bank has already been laying the groundwork for stablecoin integration. In March 2026, it signed a memorandum of understanding with Japanese stablecoin issuer, JPYC, to explore connecting Yen-backed stablecoins with traditional bank deposit infrastructure.

Stay tuned to BitKE on stablecoins updates globally.

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