Block applies for U.S. federal trust bank charter to pursue BTC custody

Jack Dorsey-founded payments company Block has applied for a U.S. federal national trust bank charter to offer Bitcoin custody services, Crypto Briefing reported. The company is currently seeking to establish Builders Bank, a non-deposit national trust bank. If approved, Builders Bank would be able to provide custody services for digital assets including BTC under the supervision of the U.S. Office of the Comptroller of the Currency, or OCC.