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OpenReserve Holdings has cleared the first regulatory hurdle for a US national bank built around onchain settlement, securing preliminary OCC approval after a $25 million seed round backed by Andreessen Horowitz. The signal matters less for spot prices than for market structure: a federally chartered settlement bank would give tokenized payment and stablecoin flows direct access to bank-grade rails, narrowing the counterparty gap that currently pushes crypto firms toward partner banks and offshore custody. Watch the conditions attached to final charter approval, capital and liquidity requirements, and the launch timeline, since preliminary approval is not an operating license and existing crypto-facing banks and exchange-adjacent names such as Coinbase face competitive pressure only once the bank is actually funded and live.
As a Policy signal, watch whether it changes price action, volatility, or flows around COIN, ETH.
Original Source: The Block
This page is market information analysis, not investment advice.
Influencer Threads
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