Sony Bank applies to the Office of the Comptroller of the Currency for a national bank charter, planning to issue a dollar stablecoin

ChainCatcher news, according to Decrypt, Sony Bank has applied for a national bank charter from the Office of the Comptroller of the Currency (OCC) through its subsidiary Connectia Trust to engage in "specific activities involving cryptocurrency."

According to the application documents, Sony Bank plans to issue a stablecoin pegged to the US dollar, maintain corresponding reserve assets, and provide digital asset custody and management services. This application joins the growing list of crypto companies seeking OCC charters, including Stripe, Coinbase, Paxos Trust, and Circle.