BitcoinNews on Nostr: JACK DORSEY’S BLOCK APPLIES FOR NATIONAL TRUST BANK CHARTER TO OFFER BITCOIN ...
JACK DORSEY’S BLOCK APPLIES FOR NATIONAL TRUST BANK CHARTER TO OFFER BITCOIN CUSTODY
Block has applied to the OCC to establish Builders Bank & Trust, a federally regulated national trust bank.
If approved, it would provide custody and related fiduciary services for Bitcoin and stablecoins.
The proposed bank would focus on safeguarding customer assets, rather than operating like a traditional bank that accepts checking or savings deposits and makes loans.
Lee Woolley, Block’s Digital Asset Strategy Lead, would serve as President and CEO.
Published at
2026-09-09 06:11:01 UTCEvent JSON
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"content": "JACK DORSEY’S BLOCK APPLIES FOR NATIONAL TRUST BANK CHARTER TO OFFER BITCOIN CUSTODY\n\nBlock has applied to the OCC to establish Builders Bank \u0026 Trust, a federally regulated national trust bank.\n\nIf approved, it would provide custody and related fiduciary services for Bitcoin and stablecoins. \n\nThe proposed bank would focus on safeguarding customer assets, rather than operating like a traditional bank that accepts checking or savings deposits and makes loans.\n\nLee Woolley, Block’s Digital Asset Strategy Lead, would serve as President and CEO.\n\nhttps://image.nostr.build/a3eccc6b49da13f0ebc5b0cd7948c72e1f32b0d7cbd25f4edc243d92fd6bdaa8.jpg",
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