Sony Financial Group Inc. 8729

The lender's new US subsidiary, Connectia Trust, would issue a dollar-pegged stablecoin once it clears the regulator's final conditions.

Sony Bank received conditional approval from the OCC to launch a national trust bank subsidiary called Connectia for making its own dollar-backed stablecoins.

The Japanese conglomerate aims to launch Connectia Trust, which will issue and manage stablecoins, in 2027. Banking trade groups and consumer advocates voiced their objection months ago.

SoftBank Group’s telecom unit SoftBank Corp. is among the parties considering a bid for the Japanese payments firm.

Misconduct probe shakes confidence in operations

Sony Financial Group (TSE:8729) shares have experienced subtle movement in recent days, closing at ¥154.7. Investors seem to be weighing the company’s current value as they consider broader market shifts and recent performance trends. See our latest analysis for Sony Financial Group. While Sony Financial Group’s share price has slipped nearly 11% year-to-date and its five-year total shareholder return sits deep in the red, recent price action suggests that investors are reassessing the...