The OCC gave Revolut and OpenReserve preliminary approval for proposed US national banks that would offer digital asset and stablecoin services.

a16z-backed OpenReserve gets preliminary OCC approval for a national bank built around 24/7 settlement and stablecoin issuance.

The Blockchain Bank Is Here: Why OpenReserve Could Redefine the Architecture of Banking OpenReserve’s preliminary approval for a U.S. national bank charter is more than another regulatory milestone. It is an experiment in whether a bank can be designed around blockchain infrastructure from the beginning rather than retrofitted with it later. The most interesting part of OpenReserve is not simply that a crypto-native company wants to become a bank. The more consequential question is what happens when deposits, payments, lending, custody and settlement are built around a programmable ledger intended to operate continuously.

The a16z-backed startup chose a full national charter over the trust-bank route most crypto firms have taken, clearing a path toward insured deposits and conventional lending alongside stablecoin issuance.

On-chain banking platform OpenReserve has successfully completed a seed funding round, raising significant capital to modernize financial infrastructure. The investment round was led by a16z crypto, with participation fr…

The US Office of the Comptroller of the Currency has granted a provisional charter to blockchain bank OpenReserve, marking another step in the growing mix of crypto-native institutions in the US banking system. This follows a wave of traditional financial firms embracing digital assets. https://www.coindesk.com/policy/2026/09/03/u-s-banking-agency-gives-blockchain-bank-openreserve-initial-ok-to-operate #Web3 #Blockchain #Regulation

OpenReserve Bank’s provisional OCC charter creates a path to federally supervised onchain banking, but the startup must still prove its stablecoin, tokenized deposit and continuous settlement model can meet liquidity and operational standards.

OCC approvals for Revolut and OpenReserve coincide with a surge of fintech IPOs across Asia, signalling a new phase of regulated expansion.

OpenReserve Bank’s provisional OCC charter creates a path to federally supervised onchain banking, but the startup must still prove its stablecoin, tokenized deposit and continuous settlement model can meet liquidity and operational standards.

OpenReserve Bank’s provisional OCC charter creates a path to federally supervised onchain banking, but the startup must still prove its stablecoin, tokenized deposit and continuous settlement model can meet liquidity and operational standards.

OpenReserve Bank’s provisional OCC charter creates a path to federally supervised onchain banking, but the startup must still prove its stablecoin, tokenized deposit and continuous settlement model can meet liquidity and operational standards.