BLOCK APPLIES FOR OCC CHARTER TO LAUNCH DIGITAL ASSET TRUST BANK

Summary from the TLDR Fintech newsletter

Block has applied for an OCC charter to launch Builders Bank & Trust, a national trust bank focused on digital asset custody and fiduciary services. If approved, the charter would bring Block's growing Bitcoin and stablecoin operations under a single federal regulatory framework, avoiding the patchwork of state licenses and further integrating crypto infrastructure with the regulated banking system.