Search results for Sony Bank
Crypto
Wise to reapply for federal trust bank charter under Genius Act framework
Wise, a London-headquartered cross-border remittance and foreign-exchange services company, will submit a new application for a U.S. federal trust bank charter under the Genius Act stablecoin framework after the Office of the Comptroller of the Currency rejected its original proposal. The Block reported the OCC said the initial filing did not align with new Federal Reserve policy on payment system master account access. Reuters reported Wise will reapply on July 24.
Crypto
AZ-COM Maruwa Holdings weighs JPYC stablecoin payments to 2,300 partners
Japanese logistics company AZ-COM Maruwa Holdings is pushing to introduce yen-linked stablecoin JPYC for payments to about 2,300 partner firms, including independent transport operators such as truck drivers. It is considering settling fees and compensation in JPYC to shorten payment cycles and speed transfers, citing the absence of transfer fees. The company is also weighing a partnership with JPYC and discussing an investment of more than 1 billion yen. A JPYC executive said it will keep advancing integration of logistics and commercial payment flows.
Crypto
Sony Bank gets preliminary approval to issue dollar stablecoin; PlayStation payments not decided
Sony Bank has received preliminary approval in the United States to pursue a dollar-based stablecoin issuance and custody business. The U.S. Office of the Comptroller of the Currency gave preliminary conditional approval for the establishment of Connectia Trust, a wholly owned trust bank. The plan focuses on issuing a U.S. dollar-pegged stablecoin, managing reserves, providing digital asset custody and enabling transfers within a limited network for approved Sony assets and defined customers. Documents do not mention PlayStation payments.
