a16z-backed OpenReserve just cleared a major regulatory milestone.
The startup has received preliminary OCC approval to build a full-service U.S. national bank with tokenized deposits and digital asset services.
Before launching, OpenReserve must raise at least $210 million in initial capital and meet strict OCC capital requirements, with the company targeting a banking model that combines traditional financial services with onchain settlement.
Stay updated with more crypto news and insights by checking out our media website: http://bit.ly/cryptic-media
September 5, 2026 807 1
