Sony Bank’s Web3 app allows users to collect, trade NFTs

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Sony Bank, a subsidiary of Sony Financial Holdings (NASDAQ: SONY), has launched a mobile application for customers to collect, store, and trade non-fungible tokens (NFTs) in a renewed push into Web3.

Dubbed the CONNECT app, Sony Bank says the new offering is a step toward digitization as it seeks to put significant distance between itself and other service providers in Japan. The app, launched at the tail end of July, boasts a string of functionalities for users, with Sony Bank hinting at future upgrades.

Users of the CONNECT app can purchase collectibles through Sony’s NFT marketplace, SNFT, and store them on the newly minted mobile app. In addition to storage, users can display their NFTs on the homepage of their mobile devices or create a gallery-style display in the app.

Executives of the digital bank say that app users will have access to a vast pool of collectibles stemming from its trove of intellectual property holdings. The…

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