Sony Eyes Regulated Entry Into the Digital Dollar Market
16.10.2025 8:45 1 min. read Alexander Zdravkov
Sony Bank has applied for a U.S. national banking license from the Office of the Comptroller of the Currency (OCC), aiming to issue a dollar-backed stablecoin and offer digital asset services through its subsidiary, Connectia Trust.
The bank’s application outlines plans to manage stablecoin reserves, provide custody and portfolio services, and focus on compliant digital transactions for major banks and corporate clients.
This move follows a broader trend among major financial and tech firms racing for licenses under the new U.S. GENIUS Act, which regulates stablecoin issuance. Stripe, Coinbase, Circle, and Paxos are also seeking approval, while Anchorage Digital Bank remains the only firm with full authorization.
Stablecoins – cryptocurrencies pegged to the U.S. dollar – now hold over $312 billion in market value, powering onchain payments and cross-border transfers, particularly in regions with limited dollar liquidity.
Sony, best known for its entertainment and electronics divisions, has been expanding into blockchain. Earlier this year, it partnered with Startale Group to launch Soneiun, an Ethereum Layer-2 network. The company views stablecoins as a natural extension of its digital and financial infrastructure.
Sony Bank emphasized that its crypto operations will remain separate from its entertainment units like PlayStation. If approved, the move would make Sony one of the first global tech conglomerates to gain direct U.S. banking authorization for digital assets — a development likely to intensify competition in the regulated stablecoin sector.
-
1
Binance Unveils Crypto Service for Banks and Brokers
30.09.2025 11:43 2 min. read -
2
Chainlink, Swift, and UBS Advance Tokenized Fund Workflows With New Messaging Integration
30.09.2025 14:09 2 min. read -
3
Samsung To Bring Crypto Access To Galaxy Users via Coinbase Partnership
03.10.2025 16:24 2 min. read -
4
Galaxy Digital Launches GalaxyOne: A New Platform Merging Crypto, Stocks, and 4% Cash Accounts
06.10.2025 15:48 2 min. read -
5
Crypto Juggernaut Tether Eyes $500B Valuation in Significant Raise
06.10.2025 16:45 2 min. read
OpenSea Charts a New Course Toward Becoming a Universal Onchain Marketplace
OpenSea is redefining its identity once again – but not by abandoning NFTs. CEO Devin Finzer insists the company isn’t walking away from its roots, but instead expanding far beyond them.
BlackRock’s Big Bet on Stablecoins Could Reshape Finance Forever
BlackRock is updating its money market fund to align with the GENIUS Act, aiming to support stablecoin issuers holding high-quality, liquid reserves under the new U.S. framework.
Ripple Brings Regulated Crypto Custody to South Africa’s Banking Sector
Absa Bank has become the first major African institution to adopt Ripple’s digital asset custody services, signaling a rising appetite for tokenized assets on the continent.
Citi Prepares Institutional Crypto Custody Launch
Citigroup is quietly preparing to enter the digital asset custody business, signaling how far traditional banking has come in embracing cryptocurrency.
-
1
Binance Unveils Crypto Service for Banks and Brokers
30.09.2025 11:43 2 min. read -
2
Chainlink, Swift, and UBS Advance Tokenized Fund Workflows With New Messaging Integration
30.09.2025 14:09 2 min. read -
3
Samsung To Bring Crypto Access To Galaxy Users via Coinbase Partnership
03.10.2025 16:24 2 min. read -
4
Galaxy Digital Launches GalaxyOne: A New Platform Merging Crypto, Stocks, and 4% Cash Accounts
06.10.2025 15:48 2 min. read -
5
Crypto Juggernaut Tether Eyes $500B Valuation in Significant Raise
06.10.2025 16:45 2 min. read
Sony Block Solutions Labs, the blockchain branch of Sony, has rolled out a public testnet for its new Ethereum Layer 2 network, Soneium, which is built on the Optimism Stack (Op Stack).
Sony has officially launched Soneium, its Layer-2 blockchain platform, marking a bold step into the digital asset space.
Sony and LINE have joined forces in a strategic partnership to bring blockchain-powered gaming to the forefront.
Sony Singapore has made a move towards embracing cryptocurrency by introducing USDC payments on its official online store, utilizing Crypto.com’s payment service.
Sony Group has unveiled its new blockchain, named ‘Soneium,’ developed in partnership with Singapore’s Startale Labs.
Soneium, Sony’s blockchain platform, has teamed up with Coop Records to launch its inaugural music NFT collection.
Sony’s Soneium blockchain has introduced a new scoring system called “Soneium Score”, designed to track and reward real user participation across its ecosystem.
Worldcoin (WLD), the cryptocurrency project co-founded by Sam Altman of OpenAI, has stirred significant attention in Ecuador since its introduction in June.
On October 10, South Korea's Financial Services Commission (FSC) announced the establishment of a Virtual Asset Committee to consider the approval of cryptocurrency exchange-traded funds (ETFs).
South Korea and the United States are teaming up to tackle the growing threat of cryptocurrency theft through a groundbreaking research collaboration.
South Korea has taken another firm step in its crackdown on unregistered crypto platforms, this time targeting apps available to Apple users.
South Korea’s Financial Supervisory Service (FSS) is set to crack down on virtual asset exchanges, focusing on uncovering illegal or suspicious activities.
South Korea’s Financial Services Commission (FSC) is easing restrictions on cryptocurrency by allowing institutions to engage more with digital assets.
South Korea’s presidential race ended with a decisive win for Lee Jae Myung, who secured 49.42% of the vote on June 4, 2025.
South Korea just became the newest stop in RedotPay’s global crypto payment rollout.
South Korea's Financial Services Commission (FSC) has rolled out a new law aimed at bolstering the protection of virtual asset users, effective from July 19.
South Korea has confirmed that North Korea orchestrated the 2019 theft of 342,000 Ethereum (ETH) tokens from Upbit, initially worth $41.5 million and now valued at 1.47 trillion Won.
South Korea is working on amending its Foreign Exchange Transactions Act to require virtual asset service providers (VASPs) engaged in cross-border transactions to register and report user transaction details to the Bank of Korea.
South Korea's Financial Services Commission (FSC) is drafting a proposal to support the launch of spot crypto ETFs, aiming for release in the second half of 2025.
South Korea’s top financial regulator has ordered local exchanges to suspend their fast-growing crypto lending services, citing legal uncertainty and mounting risks for retail investors.