Sony Bank applies for U.S. license to issue stablecoins

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Mikhail Vnuchkov

15.10.2025

Sony Bank applies for U.S. license to issue stablecoins — Sony seeks National Bank Charter to launch dollar stablecoin

Japanese conglomerate Sony is seeking to enter the crypto banking market. Its financial arm, Sony Bank, through its subsidiary Connectia Trust, has filed an application with U.S. regulators for a national banking charter.

According to the filing submitted to the Office of the Comptroller of the Currency (OCC), Connectia Trust plans to engage in “certain cryptocurrency-related activities”, including the issuance of U.S. dollar–backed stablecoins, maintaining reserves, and providing custody and fiduciary management of digital assets for select affiliated clients.

Sony stated that these activities align with those already approved for other nationally chartered banks under existing OCC guidance.

Sony Bank operates independently within the broader Sony Group portfolio, which also includes Sony Interactive Entertainment, the producer of PlayStation. This separation allows Sony to explore financial innovation without directly impacting its entertainment and technology divisions.

According to Blocknews, if the application is approved, Sony would join an elite list of firms pursuing federal crypto banking licenses, alongside Stripe, Coinbase, Paxos, and Circle. So far, only Anchorage Digital Bank has received full approval, though it temporarily faced regulatory challenges before the OCC lifted restrictions earlier this year.

A timely strategic move toward crypto banking

Sony’s entry into the market comes at a carefully chosen moment. Following the enactment of the GENIUS Act in the U.S., which established clear rules for stablecoin issuance and trading, major financial and tech firms have rushed into the regulated digital asset space.

The global stablecoin market now exceeds $312 billion, and forecasting platform Myriad estimates a 68% probability it will reach $360 billion by February 2026. This positions Sony to enter the market at a highly advantageous time, as demand for regulated and transparent issuers continues to surge.

If Connectia Trust receives OCC approval, it could become one of the first major tech-bank hybrids authorized to issue regulated stablecoins in the United States — potentially reshaping the digital asset landscape and intensifying competition with both traditional financial institutions and crypto-native firms.

This is not Sony’s first venture into blockchain. Earlier in 2025, Sony Group partnered with Startale Labs to launch Soneiun, an Ethereum Layer-2 network designed to scale decentralized applications.

Now, with Connectia Trust, Sony appears poised to combine financial expertise with blockchain infrastructure, expanding its footprint in the global digital asset ecosystem.

As we wrote, Sony launches USDC payments in Singapore, hints at Web3 expansion

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