SONY BANK IS CONDITIONALLY AUTHORIZED BY THE OCC TO SET UP A NATIONAL TRUST BANK, WHICH IS TO START OPERATIONS RELATED TO THE STABILIZATION CURRENCY BY 2027

On 9 July, Sony Bank obtained conditional approval from the United States Monetary Supervisory Authority (OCC) to establish a National Trust Bank in the United States. Its subsidiary, Conectia Trust, is to be established this month, and a United States dollar-denominated stabilization currency issuance and management-related business is planned to start in 2027。