Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter
Bitcoin Magazine Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter Block wants the banking license so it can open Builders Bank, which would provide custody and related fiduciary services for bitcoin. This post Jack Dorsey’s Block Becomes Latest Bitcoin-Focused Company To Apply for Banking Charter first appeared on Bitco
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- First Federally Chartered Crypto Bank: Anchorage Digital Bank, National Association, received the first federal bank charter from the Office of the Comptroller of the Currency (OCC) in January 2021, allowing it to offer crypto custody, staking, and settlement services to institutional clients. Anchorage Digital
- First State-Chartered Crypto Bank in Wyoming: Kraken Financial became the first digital asset company in US history to receive a bank charter under Wyoming state law in September 2020, operating as a Special Purpose Depository Institution (SPDI) to provide deposit-taking, custody, and fiduciary services for digital assets. Kraken Financial
- Other Prominent Crypto Firms Seeking Charters: Custodia Bank (formerly Avanti) received a Wyoming SPDI charter in October 2020 and has applied for Federal Reserve membership, while other firms like Circle, Paxos, and Fidelity Digital Assets have also received conditional OCC approvals for national trust charters. Custodia Bank
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