Jack Dorsey’s Block is seeking a US trust bank charter for a proposed institution called Builders Bank, according to Cointelegraph. The planned bank would provide federally supervised custody services for digital assets, including Bitcoin and stablecoins. Builders Bank would operate under a trust-bank model and would not accept customer deposits or issue loans. The application reflects Block’s effort to establish a regulated structure for holding and managing digital assets, while keeping the proposed institution outside traditional lending and deposit-taking activities. The charter request remains a proposal, and the supplied information does not indicate whether it has been approved.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
Read original source ↗
