OCC grants provisional charter to blockchain bank OpenReserve

The U.S. Office of the Comptroller of the Currency granted a provisional charter to OpenReserve, a new full-service blockchain-based bank, allowing it to operate while meeting the conditions of the preliminary approval. The move adds OpenReserve to a growing wave of crypto-native institutions securing federal banking charters.

• The provisional charter is an initial step toward full operation under OCC supervision.
• OpenReserve joins other digital-asset-focused banks and fintechs pushing into the federal banking system this cycle.