Block Pursues National Trust Bank Charter to Custody Bitcoin and Stablecoins

Block aims to establish a national trust bank that would provide custody and related fiduciary services, including those for bitcoin and stablecoins, the company said in a Tuesday (Sept. Block said in the release that it submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, N.A. If approved, the charter would allow Block to support custody and related fiduciary activities through a consistent national framework as t