Block just filed for a U.S. trust bank charter with the OCC.
This isn't your regular bank play:
• No deposits
• No loans
• Pure custody & fiduciary services for $BTC and stablecoins
Basically a regulated vault for digital assets under federal supervision.
Why this matters: institutional rails are being built in real-time. When trad finance wants in, they need regulated custody. Block's positioning early.
The OCC greenlight would be massive for legitimizing crypto custody at scale. Watch this space.
This isn't your regular bank play:
• No deposits
• No loans
• Pure custody & fiduciary services for $BTC and stablecoins
Basically a regulated vault for digital assets under federal supervision.
Why this matters: institutional rails are being built in real-time. When trad finance wants in, they need regulated custody. Block's positioning early.
The OCC greenlight would be massive for legitimizing crypto custody at scale. Watch this space.