Sony Bank's US Subsidiary Gets Conditional Nod to Launch Stablecoin Trust Bank

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Sony Bank's New York-based subsidiary has received conditional approval to establish a stablecoin trust bank in the United States. The entity is wholly owned by Sony Bank and will be funded with $40 million in initial capital. The approval marks a significant step for Sony's entry into the regulated digital assets space. The capitalized subsidiary is expected to support the company's forthcoming stablecoin business operations.

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