Jack Dorsey's Block Files OCC Application for Bitcoin and Stablecoin Custody Bank
The proposed bank would not take deposits or make loans and would give Block a federal framework for custody of Bitcoin and stablecoins.
- On Tuesday, Block submitted an application to the Office of the Comptroller of the Currency to form Builders Bank & Trust, N.A., a proposed national trust bank focused on digital asset custody and fiduciary services.
- Unlike traditional commercial banks, Builders Bank would operate without accepting deposits or issuing loans, instead providing custody services for Bitcoin and stablecoins under federal supervision.
- Lee Woolley, proposed president and CEO of Builders Bank, brings more than two decades of banking experience and said the bank aims "to support Block's broader vision of economic empowerment."
- The OCC has conditionally approved similar national trust charters for Revolut and Circle throughout 2026, positioning Block within a broader fintech trend seeking federal banking supervision.
- Regulatory scrutiny persists as Sen. Elizabeth Warren questioned the OCC's authority to grant these charters to digital asset companies, while the Bank Policy Institute considered legal challenges to the regulator's approach.
14 Articles
14 Articles
Jack Dorsey's Block files OCC application for Bitcoin and stablecoin custody bank
Block has applied to establish an uninsured U.S. national trust bank that would place some of its Bitcoin, stablecoin and digital asset custody operations under direct federal supervision. Block said on Tuesday that it submitted an application to the Office…
Dorsey’s Block Joins Crypto-Bank Race With National Trust Bid
Jack Dorsey’s Block Inc. said it has applied to establish Builders Bank & Trust, an uninsured national trust bank that would give the company a federal framework for custody of Bitcoin, stablecoins and other digital assets.
On September 8th, U.S. fintech company Block announced it had applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank. This bank will handle the custody (storage and management) of cryptocurrencies... The post U.S. company Block applies to establish trust bank for Bitcoin storage first appeared on NADA NEWS.
Block Seeks OCC Nod For Crypto Custody Bank
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News Block, Inc., led by Jack Dorsey, applied to the OCC on 2026-09-08 to establish Builders Bank & Trust, N.A., for Bitcoin and stablecoin custody, seeking feder... The post Block Seeks OCC Nod for Crypto Custody Bank first appeared on NoSmokeSport - Sports News & Latest Trending World News and is written by Davis Washi…
Jack Dorsey’s Block seeks OCC charter for bitcoin and stablecoin custody
Block, the payments company founded by Jack Dorsey, wants federal regulators to let it custody bitcoin and stablecoins through a chartered trust bank. On Tuesday, the company said it applied to the Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, N.A., an uninsured, non-deposit-taking national trust bank. If approved,...
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