Wall Street Journal · Elias Schisgall ·

Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust

The financial technology company is seeking to establish a federally regulated, uninsured national trust bank

In this story Block Builders Bank & Trust

Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust

Lead Source

Wall Street Journal — Block says it has submitted an application to US regulators to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust ↗

How this story grew

Coverage · 0 Discussion · 0

Sep 8Sep 10

More

Decrypt: Decrypt

Block: Block

The Crypto Basic: The Crypto Basic

crypto.news: crypto.news

The Crypto Times: The Crypto Times

Bloomberg: Bloomberg

Discussion

@smtuffy @caseynewton

Richard Rosenthal Mark P.

Related stories

Reuters: The US OCC conditionally approves a bank charter application for Trump family's World Liberty Financial, allowing it to directly issue its USD1 stablecoin

Wall Street Journal: A consortium of 21 banks, including Bank of America, Citigroup, and Goldman Sachs, says it will establish a company and launch its stablecoin venture in H1 2027

Wall Street Journal: Kalshi plans to seek US regulatory approval to start offering single-stock perpetual futures; Coinbase filed similar regulatory paperwork last week

Wall Street Journal: Banks are warming up to launching their own stablecoins as nonbank companies enter the market; sources: JPMorgan Chase evaluated launching its own stablecoin

Reuters: Bank of America says it plans to deploy $250B by July 2027 to support US digital and infrastructure projects, including data centers and energy infrastructure

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif