Block Applies for U.S. Trust Bank Charter to Custody Bitcoin and Stablecoins
Jack Dorsey's Block has asked U.S. regulators to establish Builders Bank & Trust, an uninsured national trust bank focused on digital-asset custody.
AfroEuropa Newsroom
AfroEuropa desk
Block, the payments company led by Jack Dorsey, has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to set up a national trust bank called Builders Bank & Trust, according to BitKE.
The proposed institution would be an uninsured national trust bank offering custody and related fiduciary services for digital assets, including bitcoin and stablecoins, under OCC supervision. Block said the entity would not take deposits or issue loans. The company described the charter as a way to give its custody operations a national framework as the business grows.
Keep reading
How the EIP-7702 Ethereum Upgrade Figured in the Binance Wallet Attack
Security researchers say a 2025 Ethereum upgrade did not cause the Binance hack but may have helped attackers sidestep withdrawal protections.
Other highlights
Talky Raises €1.5M as European AI Accounting Startups Draw Fresh Capital
Madrid-based Talky Labs secured €1.5 million in pre-Seed funding, joining a wave of 2026 European investments in AI-driven accounting tools.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
