CryptoCoinDeskabout 1 hour ago
Sony Bank Gets OCC Approval for Stablecoin Trust
1 min read
Sony Bank received preliminary conditional OCC approval to form Connectia Trust, a New York-based subsidiary fully owned by Sony Bank. The trust will manage dollar-denominated stablecoins and be capitalized with $40 million. Operations are on hold pending final regulatory approvals, including from the OCC.
Level
Hype check
Tap to vote and see what everyone thinks.
In this storySony
