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Sony Bank Applies for US Banking License to Enter Stablecoin Market
Gate News bot message, Sony Bank has submitted an application for a national trust bank charter to the Office of the Comptroller of the Currency (OCC) in the United States. The application outlines Sony Bank’s plans to establish stablecoin issuance and digital asset custody services in the US market.
According to Decrypt, Sony Bank aims to expand its financial services portfolio by entering the digital asset space through this regulatory approval process. The move represents Sony Bank’s strategic initiative to develop its presence in the US cryptocurrency sector.
Source: Decrypt