Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Block Inc. Apply for a U.S. bank license and plan to establish Builders Bank to regulate Bitcoin and stablecoin custody business
Block Inc. An application has been filed with the Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust,., This will bring the custody business of Bitcoin (BTC) and stablecoins into a federally supervised trust bank structure. If approved, Builders Bank will provide custody and related trust services for Bitcoin and stablecoins.
Details of banking license application
Block submitted a request to the Office of the Comptroller of the Currency to establish Builders Bank & Trust, N.A. The proposal still requires final approval from the regulatory agency. Currently, Block already owns businesses such as Square, Cash App and Bitkey, and its broader financial ecosystem covers merchant payments, consumer finance and Bitcoin self-custody services.
If the application is approved, Builders Bank will operate under the supervision of the OCC and provide custody and related trust services, including Bitcoin and stablecoins. In addition, the banking license will also give Block certain banking powers related to holding assets and transferring client funds.
Strategic Significance and Management Views
Lee Woolley, president and CEO of Builders Bank, said Block believes its experience in digital assets and deep banking background will allow the proposed institution to support the company's broader goals. Woolley pointed out: "Relying on Block's experience in digital assets, Square Financial Services 'historical heritage, and the deep banking expertise we have built in our team, we believe that Builders Bank is well positioned to support Block's broader vision of economic empowerment."
This move allows Block to join the ranks of companies seeking federal banking supervision to conduct crypto asset custody and related services. Previously, digital asset companies such as Coinbase, Circle, Crypto.com and Paxos have obtained conditional approval for national trust banking licenses. World Liberty Financial, a decentralized financial project backed by U.S. President Donald Trump, also received relevant approval this year.
Industry Impact
This is significant because once approved, some of Block's Bitcoin custody strategies will be placed directly under federal supervision, while expanding the regulatory framework that supports its digital asset business. Builders Bank will not start operations unless the OCC grants the required authorizations.
Jack Dorsey has advocated the use of Bitcoin as an everyday currency for years. Last year, Square expanded its effort to allow millions of eligible small U.S. businesses to accept Bitcoin payments and convert transactions to U.S. dollars at checkout.
