📰 Block Applies for OCC Approval to Launch Crypto Custody Bank
🗓️ Sep 10 2026 09:45 UTC - Maisie Morrison
Block seeks OCC approval to launch Builders Bank & Trust, a federally chartered bank for Bitcoin and stablecoin custody services.
➤ Block has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter to establish 'Builders Bank & Trust'.
➤ The proposed bank would specialize in custody services for Bitcoin and stablecoins, operating under federal oversight without accepting deposits or offering FDIC insurance.
➤ This move signifies Block's strategic expansion into regulated digital asset services, aiming for a unified federal framework for its custody operations.
#block #occ #buildersbanktrust #cryptocustody #bitcoin #stablecoins #nationaltrustbankcharter #digitalassets #leewoolley #federaloversight
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RWA Times
Block Applies for OCC Approval to Launch Crypto Custody Bank
Block seeks OCC approval to launch Builders Bank & Trust, a federally chartered bank for Bitcoin and stablecoin custody services.


