Published Jul 9, 2026, 1:44 AM ET · Updated 4 months ago · 3 sources

THE BLOCK: Japan's Sony Bank has secured conditional approval from the OCC to set up a U.S. national trust bank with plans to issue a dollar-backed stablecoin. The U.S. subsidiary, Connectia Trust, aims to launch next year, according to IBTimes.

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Original Report

THE BLOCK: Japan's Sony Bank has secured conditional approval from the OCC to set up a U.S. national trust bank with plans to issue a dollar-backed stablecoin. The U.S. subsidiary, Connectia Trust, aims to launch next year, according to IBTimes.