Bitcoin

Sony Bank’s Connectia Trust Files for U.S. Crypto Banking Charter

Published

1 month ago

October 17, 2025

On October 16, 2025, Connectia Trust, a subsidiary of Sony Bank, submitted an application for a U.S. national banking charter to the Office of the Comptroller of the Currency (OCC). The proposed charter aims to enable Connectia Trust to issue stablecoins and provide cryptocurrency custody services, marking a significant step for a major Japanese financial institution in the digital asset space. This move aligns with similar efforts by global fintech leaders like Coinbase, signaling a broader trend toward mainstream cryptocurrency adoption.

A Strategic Push into Crypto Banking

Sony Bank, a division of the Japanese tech conglomerate Sony, is leveraging its financial expertise through Connectia Trust to bridge traditional finance (TradFi) and the rapidly evolving cryptocurrency ecosystem. The application for a U.S. banking charter reflects Sony’s ambition to integrate blockchain technology into its financial services, focusing on stablecoins—digital assets pegged to stable currencies like the U.S. dollar—and secure custody solutions for cryptocurrencies.

Stablecoins have become a cornerstone of the crypto economy, offering stability and efficiency for transactions, remittances, and decentralized finance (DeFi) applications. By seeking to issue its own stablecoins, Connectia Trust aims to provide a reliable, regulated alternative for businesses and consumers. Additionally, its custody services would cater to institutional and retail investors looking for secure storage of digital assets, addressing a critical need in the crypto market.

Bridging TradFi and Crypto

If approved, Connectia Trust’s banking charter could significantly enhance the infrastructure for stablecoins and digital assets in the U.S. The move would bridge the gap between traditional banking and the crypto sector, fostering greater trust and interoperability. By offering regulated services, Connectia Trust could attract institutional players hesitant to engage with unregulated crypto platforms, thereby accelerating mainstream adoption.

This initiative follows similar efforts by firms like Coinbase, which has also pursued deeper integration with traditional finance through its own regulatory advancements. The involvement of a global brand like Sony signals confidence in the long-term viability of digital assets and could inspire other traditional financial institutions to explore blockchain-based services.

Japan’s Tech Giants Embrace Blockchain

Connectia Trust’s application underscores Japan’s growing influence in the global blockchain landscape. Japanese tech giants, known for their innovation in electronics and gaming, are increasingly investing in financial technologies. Sony’s foray into crypto banking aligns with Japan’s progressive regulatory environment, which has fostered blockchain development through clear guidelines and government support. This move positions Sony as a leader in Japan’s push to integrate blockchain into mainstream finance.

Industry Implications

Industry observers view Connectia Trust’s charter application as a catalyst for accelerated innovation in digital asset banking. A successful charter could pave the way for more banks to offer crypto-related services, creating a more robust and competitive market. It could also spur advancements in stablecoin technology, improving scalability and accessibility for global users.

Key Takeaways

Sony’s Crypto Ambition: Connectia Trust, under Sony Bank, has applied for a U.S. banking charter to issue stablecoins and offer custody services.
Mainstream Adoption: The move mirrors efforts by firms like Coinbase, signaling growing integration of crypto into traditional finance.
Bridging TradFi and Crypto: Approval could enhance stablecoin infrastructure and foster trust in digital assets.
Japan’s Blockchain Push: Sony’s initiative reflects Japan’s tech giants’ increasing focus on blockchain innovation.
Industry Impact: The charter could drive competition and innovation in digital asset banking.

Connectia Trust’s application for a U.S. crypto banking charter represents a bold step toward merging traditional finance with the digital asset economy. As Sony Bank pushes the boundaries of financial innovation, its efforts could reshape the global crypto landscape, paving the way for broader adoption and technological advancement.

Disclaimer

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Bitcoin

Terra Luna Classic Burns 2.64 Billion LUNC

Published

15 hours ago

November 17, 2025

Coin Reporter Correspondent

The Terra Luna Classic (LUNC) community has delivered another powerful deflationary push, permanently removing 2.64 billion tokens from circulation in the past 16 days alone.

This surge brings the total supply burned since the community took control of the chain to well over 410 billion LUNC, marking one of the most sustained and aggressive token-burn campaigns in the entire crypto space.

Steady, Relentless Progress

The burns are fueled by a combination of the network’s built-in 0.5% on-chain tax and massive voluntary contributions from exchanges, projects, and individual holders.

Binance continues to lead by example, routing its LUNC trading fees straight to the burn address each month, while community initiatives like DFLUNC, LunaticsToken, and numerous validators keep the momentum rolling with regular large-scale sends.

The result: an average daily burn rate of approximately 165 million LUNC over the past two weeks—proof that activity on the chain remains vibrant and the deflationary flywheel is spinning faster than ever.

Growing Confidence on Chain

On-chain metrics tell the same bullish story:

Staking ratio climbing toward 16%, with nearly 1 trillion LUNC now locked by validators and delegators
Rising transaction volume and renewed interest in governance proposals
Consistent community coordination that has kept development and upgrades moving forward without central leadership

For LUNC holders, every billion burned is a concrete step toward a leaner, more valuable token—and the past 16 days have delivered that progress in abundance.

As one of the longest-running community revival stories in crypto, Terra Luna Classic continues to show that persistence, transparency, and real on-chain action can steadily turn the tide. With the burn fire clearly raging hotter, the community’s message is simple: the best chapters for LUNC are still ahead.

Disclaimer