Block Files for a National Trust Bank Charter to Hold Bitcoin and Stablecoins
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3 Articles
Block presented documents to create Builders Bank, a national trust bank without deposit insurance that, if authorized by the OCC, could concentrate and lower custody services for bitcoin and stablecoins. The initiative seeks to simplify operations, although it does not guarantee an increase in BTC or solve the challenge of improving the profitability of the company’s crypto business.
Block Files for a National Trust Bank Charter to Hold Bitcoin and Stablecoins
Block filed with the OCC on September 8, 2026 to charter Builders Bank & Trust, an uninsured national trust bank that would let Cash App custody bitcoin and stablecoins under one federal framework instead of roughly 50 state money-transmitter licenses. The move follows Chime's $590 million purchase of Stride Bank days later, as major fintechs race to own their banking infrastructure outright.
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