🚨UPDATE: @a16zcrypto-backed OpenReserve just cleared a major regulatory milestone. The startup has received preliminary OCC approval to build a full-service U.S. national bank with tokenized deposits and digital asset services. Before launching, @OpenReserveBank must raise at least $210 million in initial capital and meet strict OCC capital requirements, with the company targeting a banking model that combines traditional financial services with on-chain settlement.
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