OCC Grants Provisional Charter to OpenReserve Bank

The Office of the Comptroller of the Currency (OCC) has granted a provisional charter to OpenReserve, adding the institution to the expanding roster of crypto‑native banks operating in the United States.

Regulatory Milestone

The provisional charter authorizes OpenReserve to function as a full‑service bank, subject to ongoing oversight by the OCC. This marks a significant step for the bank, which is built around blockchain technology and aims to provide traditional banking services to crypto‑focused customers.

Implications for the Crypto Banking Landscape

OpenReserve joins a growing list of crypto‑native financial institutions that have secured regulatory approval, signaling increasing acceptance of blockchain‑based banking models by U.S. regulators.

Next Steps

• OpenReserve will operate under the OCC’s supervisory framework while it works toward a permanent charter.
• The bank plans to offer a range of services, including deposits, payments, and lending, tailored to the needs of digital‑asset users.