Wu Blockchain has learned that Sony Bank announced it has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, Connectia Trust, in the United States. The bank will focus on preparing for the issuance and management of USD stablecoins and plans to open in 2027 after obtaining regulatory approval from both the U.S. and Japan. This subsidiary will be wholly owned by Sony Bank, with an initial investment of $40 million. The approval is still in the preliminary stage, and stablecoins cannot be issued or business operations formally launched until final approval from the OCC is obtained. https://(wublock123.com)/news/sony-bank-gets-occ-conditional-approval-to-launch-stablecoin-trust-bank-64370