CoinScoopOpenReserve Secures $25M Seed Funding and Preliminary National Bank Charter
The Office of the Comptroller of the Currency (OCC) has granted preliminary approval for OpenReserve's national bank charter application. The company raised $25 million in a seed round led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona, and AAF Management. Led by fintech executives including MoneyLion co-founder Dee Choubey, OpenReserve aims to integrate traditional banking with blockchain infrastructure for 24/7 digital asset services. The firm has also submitted an application for Federal Deposit Insuranc
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