Sony’s financial division is making a major push into the U.S. crypto market. Sony Bank has submitted an application to the Office of the Comptroller of the Currency (OCC) for a national banking license.
This strategic move, carried out through its subsidiary Connectia Trust, would allow Sony Bank to:
- Issue its own U.S. dollar-pegged stablecoin.
- Provide a full range of digital asset services, including digital custody and portfolio management.
- Oversee the necessary reserve assets for its stablecoin.
The bank stated that its initial focus would be on “legally compliant digital asset transactions” targeted at national banks and large corporate partners.
Sony’s application follows a trend of major financial and tech players—including Stripe, Coinbase, and Circle—racing to secure crypto banking licenses under the new U.S. GENIUS Act, which provides a clear framework for stablecoin regulation. The company is already expanding its blockchain presence, having launched the Soneiun Ethereum Layer-2 network earlier this year.
If approved, Sony Bank would become one of the first global technology conglomerates to secure direct banking authorization for digital asset operations, significantly intensifying competition in the regulated stablecoin market, a sector currently valued at $312 billion. Sony Bank stressed that these new financial operations would be entirely separate from its entertainment arms, such as PlayStation.
October 2025, Cryptoniteuae
