**[Emerging Bank OpenReserve Receives Preliminary Approval for U.S. National Bank Charter]** BlockBeats News, September 3: Emerging bank OpenReserve has received preliminary approval for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC). The company completed its seed funding round in April, raising $25 million, led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona, and Middle Eastern venture capital fund AAF Management. The company is led by fintech executives, including MoneyLion co-founder Dee Choubey, and is dedicated to integrating traditional banking services with blockchain infrastructure and digital asset services. By leveraging digital assets and technology, it has achieved 24/7 operations. OpenReserve is also seeking insurance from the Federal Deposit Insurance Corporation (FDIC) and has submitted an application to the agency. [Original Link]