Andreessen Horowitz-backed OpenReserve secures preliminary OCC approval for national bank charter
60-second summary
OpenReserve Holdings, backed by Andreessen Horowitz, secures preliminary OCC approval to launch a national bank dedicated to on‑chain settlement after closing a $25 million seed round. The approval positions the firm to offer regulated banking services for crypto transactions, potentially bridging traditional finance and decentralized markets, and could accelerate institutional adoption across the industry.
OpenReserve Holdings received preliminary OCC approval for a national bank focused on onchain settlement, following a $25 million seed round.