Block files for federal bank charter to custody bitcoin and…
A federal charter would give Block a unified regulatory framework for crypto custody, putting it alongside Coinbase, Ripple, and Circle in a wave of fintech firms seeking OCC approval.
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A federal charter would give Block a unified regulatory framework for crypto custody, putting it alongside Coinbase, Ripple, and Circle in a wave of fintech firms seeking OCC approval.
The full-service national-bank route sets OpenReserve apart from the trust-company charters behind most recent crypto approvals and targets institutional treasury, stablecoins and tokenized deposits.
Six months after filing, Revolut's full-service national bank application is still pending while Circle, Coinbase, Ripple and Paxos cleared narrower trust charters, exposing two tiers of federal…
The approval puts Revolut in line with Coinbase, Circle, Ripple, Paxos and BitGo in the OCC's queue, opening a federally supervised path for fintechs to issue loans, credit cards and stablecoins from…
The 49% stake, routed through StringZ Holding, gives WLF a clearer path to a national trust charter and legitimizes USD1, already the world's fourth-largest stablecoin at $4B in circulation.
OCC charter approvals now cover Circle, Ripple, Fidelity, BitGo, Paxos, Coinbase, Morgan Stanley, Crypto.com and World Liberty, but the trust-bank form carries no FDIC insurance, no deposits and no…
A US bank charter opens Fed master accounts and FDIC-insured deposits to WLFI, structural plumbing most crypto firms never reach, and reads as a posture signal for politically-aligned crypto.
A federal bank charter built around a single stablecoin is a structural shift: USD1 issuance and custody now sit inside a federally chartered perimeter, with BitGo out of the exclusive issuer role.
The OCC freeze had locked crypto-native custodians like Anchorage and Paxos out of full federal banking status for three years.