Block applies for national trust bank charter with OCC

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Go back to Block applies for national trust bank charter with OCC

Block Applies to Establish Builders Bank, a National Trust Bank

September 8, 2026 4:05 PM EDT

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)-- Block, Inc. (NYSE: XYZ) today announced that it has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, N.A. (Builders Bank), an uninsured national trust bank.

If approved, Builders Bank would operate as a federally regulated national trust bank under OCC supervision and would provide custody and related fiduciary services, including for bitcoin and stablecoins. The charter would allow Block to support these activities through a consistent national framework as the business scales. Builders Bank would be an uninsured,... More