Wire · regulatory
REGULATION | Block Seeks U.S. Trust Bank Charter for Bitcoin, Stablecoin Custody
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Fusion42 · 10 September 2026 · Fusion42 review
Jack Dorsey’s company Block has applied to the U.S. Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, a national trust bank focused on custody services for bitcoin and stablecoins. The bank would not take deposits or offer loans like traditional commercial banks but will provide fiduciary services for digital assets.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 9 Sep 2026 and 10 Sep 2026.
◆ ◆ The Wire takeaway
You face a new regulatory opening as Block aims to carve out a trust bank charter for crypto custody. This is a direct path to federal legitimacy for managing bitcoin and stablecoins, reshaping custody options in US fintech.
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3 sources · first reported 9 Sep 2026 · latest 10 Sep 2026
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