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

The Block·September 4, 2026·1 min read
Andreessen Horowitz-backed OpenReserve secures preliminary OCC approval for national bank charter

OpenReserve Holdings, backed by Andreessen Horowitz, received preliminary OCC approval for a national bank focused on onchain settlement, following a $25 million seed round. The charter would allow the crypto firm to operate as a regulated bank in the US.

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