Block Applies for National Trust Bank Charter to Offer Bitcoin and Stablecoin Custody Block has applied to the U.S. Office of the Comptroll…
Block Applies for National Trust Bank Charter to Offer Bitcoin and Stablecoin Custody
Block has applied to the U.S. Office of the Comptroller of the Currency to establish Builders Bank & Trust, N.A., an uninsured national trust bank. If approved, the bank would provide custody and related fiduciary services for assets including bitcoin and stablecoins under OCC supervision. It would not take deposits or make loans. Block Digital Asset Strategy Lead Lee Woolley is expected to serve as president and CEO of Builders Bank.