Jack Dorsey’s Block Wants a Federal Trust Bank Charter Block has applied to the OCC for a national trust bank charter. The plan is institutional Bitcoin custody. It would not take deposits and would not make loans. Approval is still pending. This is the same charter type other crypto firms have been chasing: a federal wrapper for holding client assets, not a full bank. Circle already got one. Ripple, BitGo, Coinbase and others are in the same queue. A trust bank can custody coins under OCC rules. It cannot run a checking account or a loan book. What Block is asking for: charter: national trust bank, OCC product: institutional $BTC custody deposits: none lending: none status: applied, not approved That matters because Block already touches Bitcoin through Cash App and Bitkey. A trust charter would let it hold coins for institutions under a federal license instead of only state or third-party custody. An application is not a bank. Until the OCC says yes, this is a filing, not a new custodian. The structure is still the point: custody without becoming a lender. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $XRP