Block Seeks US Trust Bank Charter for Bitcoin and Stablecoin Custody
Source Summary
Block, the company founded by Jack Dorsey, is seeking a US trust bank charter for its proposed Builders Bank. The bank would provide federally supervised digital asset custody services but would not accept deposits or issue loans.
Why it matters
A federally chartered trust bank would allow Block to offer regulated custody services for Bitcoin and stablecoins, addressing regulatory requirements for digital asset safekeeping.
