XYZ ▼ -3.2% - Block, Inc. $XYZ APPLIES TO ESTABLISH BUILDERS BANK & TRUST AS AN UNINSURED NATIONAL TRUST BANK If approved, Builders Bank would provide custody services for bitcoin and stablecoins. The bank will not commence operations until OCC approval, per the company. Block, Inc. shares fell 3.2% today following the company's application to establish Builders Bank & Trust as an uninsured national trust bank focused on custody services for bitcoin and stablecoins. The bank remains subject to approval from the Office of the Comptroller of the Currency before it can begin operations, meaning the venture is still in early regulatory stages with no guaranteed timeline to launch. 08-SEP-2026 04:09 PM ET