Sony has applied for a US national banking license and plans to conduct crypto business through its subsidiary Connectia Trust.

 banking business department of Sony Group has officially submitted an application for a national banking license in the United States, planning to conduct "specific cryptocurrency-related business" through its subsidiary Connectia Trust. According to the application documents, the trust company will issue a stablecoin pegged to the US dollar, manage corresponding reserve assets, and provide digital asset custody and asset management services.