🚨 Blockchain-native bank achieves key progress again: OpenReserve secures OCC preliminary conditional approval
Founded by MoneyLion co-founder Dee Choubey and Richard Correia, OpenReserve has just received a preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to form a national bank. The plan is to operate a nationwide service bank with no physical branch presence in Salt Lake City, Utah.
What does this mean?
✅ The blueprint for the first truly “blockchain-native” nationwide national bank is taking shape
✅ Seed-round backers such as Wintermute are behind it
✅ Filed in April 2026 and received preliminary approval within 5 months—very fast
But there are still three hurdles before opening:
1️⃣ Complete pre-opening review
2️⃣ Raise at least about $210 million in paid-in capital
3️⃣ Obtain FDIC deposit insurance approval
A traditional financial license combined with a blockchain-native architecture—once this path works, it will be a landmark event for the entire crypto industry’s compliance-based funding and inflow channels.
What do you think about the prospects of blockchain banks? Let us know in the comments below 👇
#OpenReserve #区块链银行 #加密合规
Founded by MoneyLion co-founder Dee Choubey and Richard Correia, OpenReserve has just received a preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to form a national bank. The plan is to operate a nationwide service bank with no physical branch presence in Salt Lake City, Utah.
What does this mean?
✅ The blueprint for the first truly “blockchain-native” nationwide national bank is taking shape
✅ Seed-round backers such as Wintermute are behind it
✅ Filed in April 2026 and received preliminary approval within 5 months—very fast
But there are still three hurdles before opening:
1️⃣ Complete pre-opening review
2️⃣ Raise at least about $210 million in paid-in capital
3️⃣ Obtain FDIC deposit insurance approval
A traditional financial license combined with a blockchain-native architecture—once this path works, it will be a landmark event for the entire crypto industry’s compliance-based funding and inflow channels.
What do you think about the prospects of blockchain banks? Let us know in the comments below 👇
#OpenReserve #区块链银行 #加密合规