company

Block

Block is a payments company led by Jack Dorsey that filed an application with the Office of the Comptroller of the Currency on September 8, 2026 to establish Builders Bank and Trust, an uninsured national trust bank to custody bitcoin and stablecoins without taking deposits or making loans.

block.xyz

Founder and Leader

Jack Dorsey

Key facts

OCC Application Date: September 8, 2026source
Proposed Bank Name: Builders Bank and Trustsource
Bank Leadership: Lee Woolley (former Northern Trust and BNY Mellon executive)source
OCC Charter Applications 18 Months: 40 new bank applications with 23 of 40 tied to digital assetssource

WYDE coverage of Block

Crypto & DeFi

Block Files With the OCC to Launch Builders Bank, a National Trust Bank for Bitcoin and Stablecoin Custody

Sep 10, 2026 · 2 min read

Sources

Block Files With the OCC to Launch Builders Bank

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