Block seeks OCC approval to launch Builders Bank national trust bank

Reuters2026/09/08 20:06

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Block filed an application with the OCC to establish Builders Bank & Trust, N.A., an uninsured national trust bank.
The proposal is under OCC review. Operations would start only if the charter receives regulatory clearance.
Builders Bank would focus on custody and fiduciary services for bitcoin and stablecoins. It would not take deposits or make loans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Block Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609081605BIZWIRE_USPR_____20260908_BW865240) on September 08, 2026, and is solely responsible for the information contained therein.

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Block seeks OCC approval to launch Builders Bank national trust bank

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