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Jack Dorsey’s Block seeks US trust bank charter for Bitcoin, stablecoin

Block, the company founded by Jack Dorsey, is pursuing a US trust bank charter to enable custody services for Bitcoin and stablecoins.

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Marcus Webb · Crypto Desk · 16 Sept 2026 · 18:23 · 1 min read
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Jack Dorsey’s Block seeks US trust bank charter for Bitcoin, stablecoin

Block, the company founded by Jack Dorsey, is seeking a United States trust bank charter to enable custody services for Bitcoin and stablecoins.

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The proposed Builders Bank would offer federally supervised digital asset custody but would not accept deposits or issue loans.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Marcus Webb
Crypto Desk

Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.

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