Jack Dorsey’s Block has applied for a banking charter as it seeks to establish Builders Bank, according to Bitcoin Magazine. The proposed bank would provide custody and related fiduciary services for bitcoin. The application places Block among the latest companies focused on bitcoin to pursue a banking license. The source did not report that the charter had been approved. Block’s planned banking operation is centered on services connected with holding and administering bitcoin, rather than details of a broader banking offering. The move adds to the growing presence of bitcoin-focused businesses seeking access to regulated banking structures. Bitcoin Magazine reported the development on September 9, 2026, in an article written by Mathew Di Salvo. The report identified Block, the company associated with Jack Dorsey, as the applicant behind the Builders Bank proposal.
Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter
Jack Dorsey’s Block has applied for a banking charter to launch Builders Bank, which would offer bitcoin custody and related fiduciary services. Bitcoin Magazine reported that the application has not yet resulted in an approved charter.
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