Another crypto bank!? 🏛️

Sony and stablecoin issuer Stripe have gotten in line to receive national banking charters from the OCC.

Author

Stacy Jones
October 15, 2025

Together with

đź“ť What you need to know

The queue for OCC crypto bank applications is getting pretty long. Sony Bank, a subsidiary of Sony Group, and the stablecoin issuer arm of Stripe each submitted applications in the past week.

Bridge, Stripe’s stablecoin arm, is looking to issue, redeem, and custody stablecoins. And Connectia Trust, Sony’s would-be crypto bank, has set its sights on issuing stablecoins and providing custody and digital asset management services.

So who's next to get in line to open up its own crypto bank?

Sony Wants Its Own Crypto Bank Too

Sony Bank applied for a national banking charter to issue USD-pegged stablecoins and provide crypto custody services through Connectia Trust.

Stablecoin Issuers Race for US Bank Charters as Stripe's Bridge Joins the Queue

Bridge, Stripe’s stablecoin arm, has applied to the OCC for a national trust bank, joining four others vying for federal approval.

The US Just Scored $14 Billion in Bitcoin—Will It Go to a Strategic Reserve?

Numerous legal and policy questions linger around the massive haul of Bitcoin the U.S. government announced it seized from an alleged crypto scam operation.

Bitcoin and Ethereum Stabilize as US Shutdown Enters Third Week

Bitcoin and Ethereum prices stabilize amid a two-week U.S. government shutdown that has delayed the September CPI report.

Corporate Bitcoin Holdings Jump to $117B as Firms Double Down on Crypto Treasuries

Public companies boosted Bitcoin holdings to record highs last quarter, underscoring rising institutional confidence amid market volatility.

From our partner

Trade to win! Deposit and trade Futures on MEXC to for a chance to win an iPhone 17, Rolex, and more from a $15,000 prize pool. First to qualify, first to win. MEXC offers 2,700+ coins, 500x leverage, top 10 liquidity, fast listings, and global access with no KYC for most users.

đź“° In the News

$36.5M in BNB Donated to Maltese Cancer Patients Unclaimed After 7 Years—Here's Why

The $200,000 BNB donation exploded in value since it was made in 2018, but sits in limbo due to a dispute over how it should be disbursed.

Monad Opens Airdrop to Solana Users, Ethereum NFT Holders as MON Launch Nears

Upcoming layer-1 network Monad announced more details about its MON airdrop, including key dates and an eligibility checker.

Synthetix Price Is Up 190% in a Month—Here’s Why

SNX has surged 190% on its upcoming perpetual DEX launch, with experts viewing its recent pullback as a healthy correction.

đź“Š Myriad Market of the Day

Will this be the longest government shutdown in US history?

Trade "Will this be the longest government shutdown in US history?" on Myriad

🤡 Meme of the Day

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

🕵🏻‍♀️ Editor’s Picks

OpenAI Forms Well-Being Council as Altman Eases ChatGPT Adult Content Restrictions

The company said the new Expert Council will guide how its AI tools interact with users amid rising scrutiny over mental health impacts.

Japanese Regulator Eyes Ban on Crypto Insider Trading: Nikkei

Japanese regulators are working to ban insider trading on crypto in the country, according to a report from Nikkei.

Gold Futures Break $4,200 as Crypto Outflows Hit Record Levels

Gold’s record surge and heavy crypto outflows signal a pivot by investors toward safe-haven assets ahead of the Federal Reserve’s Beige Book.

đź“š Watch and Learn

📹️ WATCH: House of Doge CEO: Company Going Public to Unlock Dogecoin’s TradFi Future

Marco Margiotta, CEO of House of Doge, the corporate arm of the Dogecoin Foundation, discusses the company’s Nasdaq debut with Decrypt Senior Writer Sander Lutz.

🎓️ LEARN: What Is Zcash (ZEC)? | The Beginner’s Guide

Zcash is a privacy-focused cryptocurrency that enables users to hide key details of transactions by leveraging zk-SNARKs.

Interested in partnering with Decrypt? Find out more here.