finance.yahoo.com

Block Applies to OCC to Launch Builders Bank for Bitcoin Custody

Block logoBlock
Sig3.33Sen+2.90Env0.00Soc+0.85Gov+1.60

Block applied to the U.S. Office of the Comptroller of the Currency to launch Builders Bank & Trust, a national trust bank providing custody and fiduciary services for Bitcoin and stablecoins. The bank would be led by Lee Woolley as president and CEO, building on Block’s digital-asset experience and Cash App scale, after which Block shares fell more than 2%.

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