TLDR Tech / Fintech
Block applies for OCC charter to launch digital asset trust bank
Block has submitted an application for an OCC charter to establish Builders Bank & Trust, a national trust bank specializing in digital asset custody and fiduciary services. If approved, this charter would consolidate Block's expanding Bitcoin and stablecoin operations under a unified federal regulatory framework, thereby streamlining compliance and further integrating crypto infrastructure with the regulated banking system.
Read the full story