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Sony Bank stablecoin approval

Sony Bank is advancing toward operating a USD stablecoin trust bank after receiving conditional and then full US regulatory approval.

2 entriesFri, Jul 10 – Mon, Jul 20Institutional Transition

Timeline

  1. Mon, Jul 20Latest

    Sony Bank Receives US Approval to Issue Dollar-Backed Stablecoins

    Sony Bank has received approval from US regulators — reportedly the OCC — to issue dollar-backed stablecoins, marking a concrete stablecoin issuance authorization for a major Japanese financial institution operating in the US market.

  2. Fri, Jul 10

    Sony Bank Gets OCC Stablecoin Nod

    Sony Bank received conditional approval from the US Office of the Comptroller of the Currency to operate a US dollar stablecoin trust bank, marking a concrete regulatory milestone for bank-issued stablecoin infrastructure in the United States.