The New York-based subsidiary, fully owned by Sony Bank, will be capitalized with $40 million to support its upcoming stablecoin business operations.
Technology giant Sony’s online banking unit said it received conditional approval to establish a U.S. national trust bank subsidiary to support the issuance and management of dollar-denominated stablecoins.
The planned unit, Connectia Trust, National… [1458 chars]
Source: CoinDesk | Published: 2026-07-09T09:49:26Z
Credit: CoinDesk
