Wire · operational-macro
Block Applies for Federal Trust Bank Charter To Custody Bitcoin, Stablecoins
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Fusion42 · 9 September 2026 · Fusion42 review
Block has applied to the OCC for a federal trust bank charter to operate Builders Bank & Trust, a federally supervised institution focused on Bitcoin and stablecoin custody without deposit or loan services. The move aims to provide a uniform national regulatory framework for their digital asset custody business, joining other crypto firms pursuing similar charters.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
You face a clearer path to nationwide crypto custody if you build trust bank services in the US, as federal charters gain momentum and reduce state-by-state complexity. Getting ahead of OCC regulatory approval could give you a competitive edge in secure Bitcoin and stablecoin custody.
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2 sources · 9 Sep 2026
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