- Jack Dorsey's Block Inc. is applying for a national trust bank charter to custody digital assets like Bitcoin and stablecoins.
- This move aligns Block with other crypto firms seeking federal frameworks for digital asset services, with the OCC having previously approved similar applications.
- The proposed 'Builders Bank & Trust' would focus on custody and fiduciary services, not deposits or loans, aiming to support Block's economic empowerment vision.
Topics: Jurisdictions, Infrastructure providers, Banks bankingsystems, Regulatory sandboxes pilots, Major financial incumbents, Custody asset servicing
Tags: #blockinc #buildersbanktrust #nationaltrustbank #digitalassets #bitcoin #stablecoins #custody #occ #ripple #jackdorsey
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