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Block seeks national trust bank charter to custody bitcoin and stablecoins

Market News
08 Sep 2026
PYMNTS
View Source
Bullish
Block seeks national trust bank charter to custody bitcoin and stablecoins

Block has applied to the Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, a national trust bank focused on custody and fiduciary services for bitcoin and stablecoins. If approved, the bank will operate under a federal framework, providing secure custody without accepting deposits or making loans. This move aligns with Block's broader goal of economic empowerment through digital assets and reflects a growing trend of fintech firms pursuing bank charters to enhance compliance and competitiveness. The OCC has recently seen a surge in new bank charter applications, indicating a revitalized banking system.

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