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
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