Andreessen Horowitz-backed OpenReserve secures preliminary OCC approval for national bank charter

WorldPing

OpenReserve Holdings received preliminary OCC approval for a national bank focused on onchain settlement, following a $25 million seed round.

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Cointelegraph•

Revolut, OpenReserve get preliminary US bank approval with crypto plans

Revolut and OpenReserve received preliminary OCC approval to form US national banks, with both planning cryptocurrency and stablecoin-related services.

Brief by WorldPing · Original reporting by Cointelegraph