OpenReserve Wins Approval for Full-Service National Bank Charter

OpenReserve, a16z-backed startup, has received approval to pursue a full-service national bank charter, according to Decrypt. The company selected the national-bank route rather than the trust-bank structure used by many crypto firms. The approval creates a path for OpenReserve to offer insured deposits and conventional lending in addition to issuing stablecoins. The development places the startup among crypto-focused companies seeking access to broader banking capabilities under a full national charter. OpenReserve’s planned offering combines traditional banking services with stablecoin issuance, although the source did not provide details on launch timing, deposit products, lending terms, or the stablecoin involved. The approval is therefore a regulatory milestone for the company rather than an announcement of operational rollout. No information was provided on any direct impact to the crypto assets associated with this market page.