OpenReserve Gets Preliminary OCC Approval for National Bank

CoinDesk announced that a16z-backed OpenReserve has received preliminary approval from the OCC to form a full-service national bank. The outlet stated the firm intends to offer deposits, lending, tokenized deposits, digital asset custody and a stablecoin subsidiary. The post included an image of the OpenReserve logo. No other details or confirmations appear in the visible post. The report positions the approval as an early step toward combining traditional banking functions with digital asset capabilities under one charter.