"Block, Inc. announced that it has submitted an application to the Office of the Comptroller of the Currency to establish Builders Bank & Trust, N.A. an uninsured national trust bank. If approved, Builders Bank would operate as a federally regulated national trust bank under OCC supervision and would provide custody and related fiduciary services, including for bitcoin and stablecoins. The charter would allow Block to support these activities through a consistent national framework as the business scales."