Block seeks OCC approval to launch Builders Bank for Bitcoin and stablecoin custody

🚨 Block seeks OCC approval to launch Builders Bank for Bitcoin and stablecoins custody.
🪙 Builders Bank would focus on custody, not accept deposits or offer FDIC insurance.
💼 Lee Woolley, with 20 years in finance, is named to lead the new $BTC-focused entity.
📌 This application marks Block’s latest push to expand digital asset services through federal regulation.

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