TechFlow, October 16 — According to Decrypt, Sony Bank has applied for a national banking charter from the U.S. Office of the Comptroller of the Currency (OCC) through its subsidiary Connectia Trust to engage in "certain activities involving cryptocurrency."
According to the application documents, Sony Bank plans to issue a dollar-pegged stablecoin, maintain corresponding reserve assets, and provide digital asset custody and management services. The application joins a growing list of crypto companies seeking an OCC charter, including Stripe, Coinbase, Paxos Trust, and Circle.
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