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September 3, 2026 4:17 pm
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OpenReserve has received preliminary approval from the U.S. Office of the Comptroller of the Currency for a national bank charter, Bloomberg reported.
The company is aiming to connect the traditional banking system with blockchain infrastructure and cryptocurrency services. OpenReserve is building a blockchain-based bank designed to operate 24 hours a day, including on weekends, and plans to tokenize bank deposits to enable real-time fund transfers and payments on-chain. The company has previously raised funding from Andreessen Horowitz, or a16z.