According to the source, Sony Bank’s subsidiary Connectia Trust has applied for a U.S. crypto banking charter to issue dollar-pegged stablecoins and offer digital asset custody services, signaling an intent to enter U.S. stablecoin issuance and custody markets. source: the provided source

According to the source, Sony Bank has filed for a crypto banking charter to enable stablecoin issuance and provide crypto custody services through its Connectia Trust subsidiary (source: the source). The source adds that the application specifically targets authorization for stablecoins and custody, indicating a focus on core trading infrastructure services (source: the source).