Block Seeks Federal Charter for Builders Bank Bitcoin Custody

Block is seeking a federal charter for Bitcoin custody services through Builders Bank, positioning the effort around holding Bitcoin rather than a broader banking product suite. The available reporting frames this as a charter being sought, not one granted, and key procedural details remain unconfirmed. TLDR KEYPOINTS Block is seeking a federal charter. The effort involves Builders Bank. Bitcoin custody services are the stated purpose. Block seeks a federal charter through Builders Bank The reported action is that Block seeks a federal charter for Bitcoin custody services through Builders Bank, per reporting on the effort. The word "seeks" is doing the work here: it describes an application ambition, not a completed filing or an approval. For related coverage, see Strive Buys $109 Million in Bitcoin. What Block is seeking The available context establishes only that Block is pursuing a federal charter tied to Bitcoin custody. It does not supply application documents, a filing date, or any regulator statement, so the stage of the process cannot be confirmed from the material at hand. For related coverage, see Bitcoin Above $79,000 as ETF Buying Strengthens. How Builders Bank fits into the proposal Builders Bank appears as the entity through which Block is described as seeking to offer the custody services. The context does not establish Builders Bank's ownership, legal structure, or whether it already operates as a bank, so those details should not be inferred. For related coverage, see Harmony Seeks Network Shutdown and ONE Move to Ethereum. Bitcoin custody services are the proposal's stated focus The service focus named in the reporting is Bitcoin custody, keeping the scope specific to holding Bitcoin rather than a wider product line. The U.S. Office of the Comptroller of the Currency maintains a public index of charter applications where federal charter filings are listed once formally submitted. The stated scope of the custody proposal The supplied context does not establish customer eligibility, custody technology, fees, or a launch date for the proposed service. It also gives no basis to infer trading, lending, deposit-taking, insurance coverage, or support for assets other than Bitcoin. For readers tracking institutional Bitcoin activity, custody sits alongside other recent moves such as corporate treasury purchases like Strive's $109 million Bitcoin buy and sustained fund demand seen in the iShares Bitcoin Trust inflows. Those are separate stories, but they illustrate why regulated Bitcoin custody has drawn attention. What remains unconfirmed about the charter effort The reporting describes a charter being sought and does not establish an approval outcome. The headline alone does not confirm a completed application or an operational custody launch. Charter status and timing The responsible regulator, the exact charter classification, the filing status, and any decision timeline are not established by the supplied material.