Sony

Core Summary Sony has received conditional approval from US regulators to establish a stablecoin trust bank through its fully-owned New York subsidiary. The subsidiary, wholly owned by Sony Bank, will be capitalized with $40 million to support its upcoming stablecoin business operations. This move marks Sony’s formal entry into the digital currency financial services sector, making it the latest traditional tech giant to venture into crypto finance. Event Details According to CoinDesk, the trust bank license Sony obtained will allow it to issue and manage stablecoin products in the United States. Stablecoins are cryptocurrencies pegged to fiat currencies (typically the US dollar), designed to provide price stability while leveraging blockchain technology’s fast transfer and low-cost advantages. ...

Sony Interactive Entertainment has officially announced it will cease physical game disc distribution for PlayStation by 2028, marking a major transition to the all-digital era.

Sony Announces $3 Billion Buyback Amid Memory Price Pressure Sony Group announced a $3 billion share buyback program. Its semiconductor division faces pressure from declining memory chip prices. Despite slowing PlayStation growth, Sony maintains its double-digit profit growth forecast.

Multiple PS4 and PS5 users report that Sony has introduced a 30-day online license check for newly purchased digital games since April, with games becoming unplayable if not verified.