CoinGape Media shared a report that Andreessen Horowitz, known as a16z, has invested in OpenReserveBank. This entity is presented as a blockchain-powered bank operating 24/7 and started by executives previously at MoneyLion. The development follows preliminary approval for a national bank charter. The tweet references Bloomberg for the details on the backing and approval status. CoinGape Media, which describes itself as the largest news publisher focused on crypto, blockchain and Web3, posted about the backing. It notes the preliminary approval for the charter as context for the investment.