- Block said it has applied to the Office of the Comptroller of the Currency (OCC) for approval to establish a national trust bank as it moves into custody services for Bitcoin and stablecoins.
- If approved, Builders Bank would provide digital asset custody and trust services under a federal regulatory framework, but would not accept deposits or make loans.
- The application comes as more crypto firms in the U.S. seek federal trust bank charters, and Block said its digital asset experience and financial expertise would support its push to expand economic access.
Block Applies to Launch US National Trust Bank for Bitcoin, Stablecoin Custody
Block, the financial technology company led by Jack Dorsey, is seeking to establish a U.S. national trust bank to provide custody for digital assets including Bitcoin and stablecoins.
bloomingbit
Publisher
Sep 8, 2026 at 10:25 PM UTC · 1 phút đọc
Entities
bitcoin
Last Updated
một ngày trước
Đang dịch…
Forecast Trend Report by Period
Block, the financial technology company led by Jack Dorsey, is seeking to establish a U.S. national trust bank to provide custody for digital assets including Bitcoin and stablecoins.
Bloomberg reported on September 8 that Block has applied to the Office of the Comptroller of the Currency for a charter to launch Builders Bank & Trust.
If approved, Builders Bank would provide custody and related trust services for digital assets including Bitcoin and stablecoins under a federal regulatory framework. It would operate as a non-depository bank and would not accept deposits or make loans.
The application comes as more crypto companies in the U.S. pursue federal trust bank charters. The OCC has previously approved applications from several crypto-related firms, including Ripple and World Liberty Financial.
Lee Woolley, who has been named chief executive officer and president of Builders Bank, said Block's experience in digital assets, its track record operating Square Financial Services and its financial talent would help advance the company's goal of expanding economic access.
Follow the Story
- Sep 8Block Applies to Launch US National Trust Bank for Bitcoin, Stablecoin Custody
- Sep 9Strategy Put $176.3 Million Into Its Own Preferred Stock Instead of Bitcoin, With Its Last BTC Purchase Already Underwater
- Sep 9The SEC Cleared XRP, Bitcoin, Ethereum and Solana for Nasdaq Texas Commodity Trusts. What It Does and Does Not Do.
- Sep 9Bitcoin price risks $70K if $78K neckline breaks
- Sep 8Block Applies to Launch US National Trust Bank for Bitcoin, Stablecoin Custody
- Sep 9Strategy Put $176.3 Million Into Its Own Preferred Stock Instead of Bitcoin, With Its Last BTC Purchase Already Underwater
- Sep 9The SEC Cleared XRP, Bitcoin, Ethereum and Solana for Nasdaq Texas Commodity Trusts. What It Does and Does Not Do.
- Sep 9Bitcoin price risks $70K if $78K neckline breaks
Sourced by
Originally reported by bloomingbit
NewsLayer coverage based on externally reported material.
The Daily Brief
The onchain economy, before your day starts.
Curated markets, onchain insights, and key headlines — delivered every weekday morning.
Weekdays · Free · ~5 minute read
0
Applause
Was this article helpful?
Market Context
Bitcoin
BTC
$78,254
-0.29% (24H)
Market Cap
$1.57T
24H Volume
$29.8B
24H High
$79,739
Article Intelligence
Key Entities
Related Coverage
CryptoGermany Wants To End Bitcoin's Tax-Free Perk. Long-Term Holders Could Soon Face A 26% Tax.2 giờ trước · 3 min read
CryptoBitcoin holds steady near $78.6K despite $6B US Treasury debt buyback and Middle East tensions.3 giờ trước · 1 min read
CryptoGold Cross Alert for Bitcoin: Analyst Issues Warning! “Bullish at First, But Then…”43 phút trước · 1 min readSponsored
Ad
NewsLayerLearn more
NewsLayer Premium
Unlock deeper intelligence.
Ad-free reading, exclusive research, and real-time onchain insights.
Go Premium
