OCC Grants Provisional Charter to Crypto-Native Bank OpenReserve

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The Office of the Comptroller of the Currency (OCC) has given blockchain-focused bank OpenReserve initial approval to operate as a full-service bank. The provisional charter marks a significant regulatory milestone for the crypto-native institution. OpenReserve joins a growing list of digital asset-oriented banks receiving formal recognition from U.S. banking regulators. The move reflects a broader trend of crypto-focused financial institutions gaining legitimacy within the traditional banking framework.

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