POPA ReconOpenReserve Secures Preliminary OCC Approval for a National Bank Charter
OpenReserve Secures Preliminary OCC Approval for a National Bank Charter OpenReserve has won preliminary conditional approval from the OCC for a full-service national bank charter, clearing the way for one of the first blockchain-native banks built around native onchain settlement. Founded in 2025 by MoneyLion's Dee Choubey, OpenReserve raised a $25M seed round led by a16z crypto, with Jump Capital, Coinbase Ventures, Wintermute Ventures and others joining. The approval carries conditions: at least $210M in initial paid-in capital and a Tier 1 leverage ratio of no less than 12% for the first…
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