Block seeks OCC approval to launch Builders Bank national trust bank
XYZ•Planned focus on bitcoin and stablecoin custody
Builders Bank would focus on custody and fiduciary services for bitcoin and stablecoins. It would not take deposits or make loans.
Block files OCC application for Builders Bank & Trust
Block filed an application with the OCC to establish Builders Bank & Trust, N.A., an uninsured national trust bank.
The proposal is under OCC review. Operations would start only if the charter receives regulatory clearance.
