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Matt Derella7 SeptRepost with commentary
The Openreserve team led by Dee Choubey had a major milestone this past week earning conditional approval from regulators to be a full service US bank that offers real-time settlement across fiat and blockchain rails, direct Federal Reserve connectivity,… moreThe Openreserve team led by Dee Choubey had a major milestone this past week earning conditional approval from regulators to be a full service US bank that offers real-time settlement across fiat and blockchain rails, direct Federal Reserve connectivity, tokenized deposits, and GENIUS Act-designed payment stablecoin infrastructure. At its heart, it provides a critical combination of technology and trust. it offers continuous capital to flow -- without the friction of borders or time zones. All transactions are verified and the bank is regulated. Great video below that brings it to life. It's an emerging space and excited to be connected to the amazing team building for the future.
Dee Choubey
Introducing Openreserve, a blockchain native de-novo digital bank, finally out of stealth. This week the Office of the Comptroller of the Currency (OCC)… moreIntroducing Openreserve, a blockchain native de-novo digital bank, finally out of stealth. This week the Office of the Comptroller of the Currency (OCC) granted conditional approval of our full-service U.S. national bank charter application. Preliminary conditional approval to charter a de novo national bank is a privilege our team does not take lightly. It is a significant milestone and the beginning of the most demanding phase of the work. We're building toward real-time settlement across fiat and blockchain rails, direct Federal Reserve connectivity, tokenized deposits, and GENIUS Act-designed payment stablecoin infrastructure. Thank you to the entire OpenReserve team, our board, investors, and to the OCC who ran a rigorous review. More to come! See what we are building: https://openreserve.ai
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