Circle announces it received final OCC approval for a national trust bank that will initially serve the company and affiliates, with possible future custody services for institutional clients.
Cointelegraph•Cointelegraph by Helen Partz10 Jul
Circle wins final OCC approval for First National Digital Currency Bank, with USDC reserve management planned for a later phase.
The Block•Naga Avan-Nomayo10 Jul
Circle secured final OCC approval for a national trust bank offering regulated digital asset custody and future USDC reserve management.
Circle has joined a small but growing list of crypto-native companies that have received OCC approval.
Circle's federally chartered bank enhances USDC's credibility, potentially reshaping stablecoin market dynamics and institutional adoption.
CryptoBriefing•Editorial Team10 Jul
Sony Bank has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to open a national trust bank built for a stablecoin business. The company disclosed the approval on July 7, 2026, one day after its board signed off on the plan. The new subsidiary, Connectia Trust, National Association, will […]
Bitcoin.com News•Jamie Redman9 Jul
Paxos, the OCC-regulated issuer of PYUSD, said the stablecoin will now settle directly on Polygon rather than moving there as a bridged token.
The Defiant•The Defiant Team9 Jul
Sony Bank wins conditional OCC approval for Connectia Trust, a $40M national trust bank set to issue a dollar-backed stablecoin by 2027.
99Bitcoins•Alex Ioannou9 Jul
Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish Connectia Trust, a national trust bank focused on digital assets. The approval moves Sony Financial Group closer to launching a U.S. dollar-backed stablecoin through its planned American subsidiary. Sony Bank announced that
TheNewsCrypto•Lakshya Baskar9 Jul
Sony Bank received preliminary approval from the Office of the Comptroller of the Currency to establish a US stablecoin issuance business, with $40 million in starting capital.
Cointelegraph•Cointelegraph by Zoltan Vardai9 Jul
The lender's new US subsidiary, Connectia Trust, would issue a dollar-pegged stablecoin once it clears the regulator's final conditions.
Sony Bank has secured conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, moving it closer to issuing a U.S. dollar-backed stablecoin through a new American subsidiary. According to a July…
The trust bank subsidiary, Connectia Trust, is expected to issue and manage a dollar-backed stablecoin, pending final approval.
The Block•Timmy Shen9 Jul
Sony's entry into stablecoin issuance could reshape digital finance, impacting gaming and entertainment sectors while facing regulatory scrutiny.
CryptoBriefing•Editorial Team9 Jul
EDX Markets closed a $76 million Series C funding round led by SBI Holdings, the Chicago-based crypto exchange operator announced Tuesday. The latest round adds a major Japanese financial backer to EDX’s cap table as the firm pushes deeper into institutional digital asset infrastructure. EDX operates an institution-only trading venue paired with a central clearinghouse, […]
Bitcoin.com News•Jamie Redman7 Jul
Three federal agencies have proposed rules that would make stablecoin issuers operate like banks. The Treasury wants them to run anti-money-laundering and sanctions programs. The Office of the Comptroller of the Currency (OCC) wants a weekly confidential report and a quarterly financial report from each one, and the Federal Deposit Insurance Corporation (FDIC) wants Bank […]
CryptoSlate•Andjela Radmilac21 Jun
World Liberty Financial has moved closer to securing a federal trust bank charter, with former Office of the Comptroller of the Currency officials telling NOTUS that approval of the Trump-linked crypto firm’s application is now widely expected. According to a…
The federal trust bank charter grant would allow World Liberty to issue and redeem its USD1 stablecoin under a single federal regulator.
The Block•Danny Park17 Jun
Bitcoin Magazine BitGo Joins Fortune 500 with $16.2B Revenue, Marking Milestone for Regulated Bitcoin Infrastructure CEO Mike Belshe’s firm, now operating as a federally chartered OCC trust bank, powers custody for major Bitcoin ETFs, stablecoins like World Liberty Financial’s USD1, and SoFiUSD, highlighting institutional adoption of regulated crypto infrastructure. This post BitGo Joins Fortune 500 with $16.2B Revenue, Marking Milestone for Regulated Bitcoin Infrastructure first appeared on Bitcoin Magazine and is written by Juan Galt .
Tuesday's joint action by the three tier-1 US bank regulators completes the rewrite of supervisory text that crypto firms and Wyoming digital-asset bank Custodia spent years alleging was used to push lawful businesses out of the banking system.
The Defiant•The Defiant Team2 Jun