By Isaac • September 9, 2026 7:24 am •
Block is asking federal regulators for permission to build a national trust bank around one of the hardest problems in institutional crypto: custody.
The company has submitted an application to the Office of the Comptroller of the Currency to establish Builders Bank & Trust, N.A. If approved, the new entity would hold Bitcoin and stablecoins under one federal supervisory framework.
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That distinction matters. Builders Bank would not be a conventional retail bank.
It would be uninsured, would not take deposits, and would not make loans. Its proposed role is narrower: custody and related fiduciary services for digital assets.
In the company announcement carried by Business Wire, Block said an OCC charter would let it expand custody
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