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Block, Inc. (NYSE:XYZ) is taking another step toward consolidating its digital asset operations under a federal regulatory framework. On September 8, it filed an application with the Office of the Comptroller of the Currency (OCC) to charter Builders Bank & Trust, N.A. If chartered, the Builders Bank & Trust could become an important part of […]
The Wallet That Wants to Become a Bank On September 8, 2026, Block, Inc. filed an application with the Office of the Comptroller of the Currency for a national trust bank charter under the name Builders Bank & Trust, N.A. The filing positions Block to custody Bitcoin and stablecoins under federal preemption, bypassing the state-by-state […]
Block filed with the OCC to form Builders Bank & Trust, N.A., a national trust charter aimed at cutting sponsor-bank fees and unifying compliance for Cash App and Square.
Block's proposed Builders Bank provide federally regulated custody services for bitcoin and stablecoins if approved by the OCC.
Payment and cryptocurrency firm Block (NYSE: $XYZ) has filed for a U.S. bank charter that would make it a federally...
Investing.com -- Block Inc (NYSE:XYZ) has filed an application with the Office of the Comptroller of the Currency to charter Builders Bank & Trust, N.A., a specialized national trust bank focused on providing digital asset custody and fiduciary services. If approved, the uninsured, non-deposit-taking entity would establish a unified federal supervisory framework for the fintech giant’s growing bitcoin and stablecoin operations. The move reflects Block’s strategic push to streamline its digital a
The financial technology company is seeking to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust.
A federal judge blocked Minnesota's prediction market ban, ruling it preempted by federal law, hours after Kalshi lost a separate motion in NY.
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