Sony applies for U.S. national banking license, plans to launch crypto business through its subsidiary Connectia Trust

Jinse Finance reported that the banking division of Sony Group has officially submitted an application for a U.S. national banking license, planning to conduct "specific cryptocurrency-related business" through its subsidiary Connectia Trust. According to the application documents, this trust company will issue USD stablecoins, manage corresponding reserve assets, and provide digital asset custody and asset management services.