The Block

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

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

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

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A16z-Backed OpenReserve Gets Approval for Full-Service National Bank

The a16z-backed startup chose a full national charter over the trust-bank route most crypto firms have taken, clearing a path toward insured deposits and conventional lending alongside stablecoin issuance.

Brief by WorldPing · Original reporting by Decrypt