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Sony Secures Conditional OCC Approval for U.S. Trust Bank, Fueling Stablecoin Ambitions
Sony Bank has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The new entity, named Connectia Trust, National Association, is scheduled for formation this month with an initial capital investment of $40 million (approximately ¥6.4 billion)