Jack Dorsey’s Block applies for an OCC national trust bank charter, seeking to offer custody and fiduciary services for Bitcoin, stablecoins and other assets

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Block already has an FDIC-insured Utah industrial bank: Square Financial Services originates Cash App Borrow and Square Loans, while Builders Bank would take no deposits and make no loans. The two-charter stack separates credit from crypto custody and puts the custody side in the federal lane the OCC conditionally approved for Circle, Ripple, Paxos, BitGo and Fidelity Digital Assets on December 12, 2025.

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Jack Dorsey’s Block applies for an OCC national trust bank charter, seeking to offer custody and fiduciary services for Bitcoin, stablecoins and other assets

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Jack Dorsey’s Block applies for an OCC national trust bank charter, seeking to offer custody and fiduciary services for Bitcoin, stablecoins and other assets

Explore the topic

More on Bitcoin

Ethereum treasury firm Bitmine adds $68M in ETH as Tom Lee flags rising ETH-BTC ratio and institutional demand as potential catalysts for further upside

TD Cowen raises Smarter Web target 90% to $0.99 after proposed MORE preferred IPO expands the bitcoin treasury firm's funding options

Swiss Bitcoin Pay shuts down servers after likely breach, says user funds are safe

Capital B acquires 4 BTC for €270,000, bringing its total Bitcoin holdings to 3,525 BTC and reporting a 2.19% BTC Yield year-to-date

Bitcoin Suisse plans to cut up to half its Swiss workforce in shift abroad

Symbiosis recovers 15 BTC after a Bitcoin Bridge exploit, worth $1.15M, while offering the attacker a 20% white-hat bounty for returning funds

Ethereum treasury firm Bitmine adds $68M in ETH as Tom Lee flags rising ETH-BTC ratio and institutional demand as potential catalysts for further upside

TD Cowen raises Smarter Web target 90% to $0.99 after proposed MORE preferred IPO expands the bitcoin treasury firm's funding options

Swiss Bitcoin Pay shuts down servers after likely breach, says user funds are safe

Capital B acquires 4 BTC for €270,000, bringing its total Bitcoin holdings to 3,525 BTC and reporting a 2.19% BTC Yield year-to-date

Bitcoin Suisse plans to cut up to half its Swiss workforce in shift abroad

Symbiosis recovers 15 BTC after a Bitcoin Bridge exploit, worth $1.15M, while offering the attacker a 20% white-hat bounty for returning funds

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