🚨 Another leap for blockchain-native banks! OpenReserve secures preliminary, conditional approval from the U.S. OCC
Founded in 2025 by MoneyLion co-founders Dee Choubey and Richard Correia, OpenReserve plans to establish a national bank in Salt Lake City, Utah, with no physical branch locations and services nationwide.
On September 2, 2026, the OCC officially granted its preliminary, conditional approval to form a national bank. This means the project is one big step closer to “licensed compliance,” but it still faces several hard hurdles before it can truly open:
- Pass pre-opening review
- Raise and contribute at least approximately $210 million in paid-in capital
- Obtain approval for FDIC deposit insurance
Seed round investors include market maker Wintermute, a combination of a license-narrative angle plus crypto market-making resources—plenty to look forward to in the future.
The fusion of traditional financial licensing and blockchain-native services is moving from concept to reality.
#OpenReserve #区块链银行 #CryptoCompliance
Founded in 2025 by MoneyLion co-founders Dee Choubey and Richard Correia, OpenReserve plans to establish a national bank in Salt Lake City, Utah, with no physical branch locations and services nationwide.
On September 2, 2026, the OCC officially granted its preliminary, conditional approval to form a national bank. This means the project is one big step closer to “licensed compliance,” but it still faces several hard hurdles before it can truly open:
- Pass pre-opening review
- Raise and contribute at least approximately $210 million in paid-in capital
- Obtain approval for FDIC deposit insurance
Seed round investors include market maker Wintermute, a combination of a license-narrative angle plus crypto market-making resources—plenty to look forward to in the future.
The fusion of traditional financial licensing and blockchain-native services is moving from concept to reality.
#OpenReserve #区块链银行 #CryptoCompliance