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← Embedded Finance Index 2026

OpenReserve

“Can a de novo US national bank charter be the foundation for a next-generation embedded finance / reserve-banking platform?”

IndustryFintech / Neobank
The story

OpenReserve appears in H1 2026 OCC tracking as one of nine fintechs pursuing a de novo national bank charter (OpenReserve Bank), alongside Upstart, Augustus, Mercury and VALT Bank. Public evidence about the company's product, funding, and team is not present in the supplied evidence.

Last 12 months
2026-09
2026-H1
Product timeline
2026
OpenReserve Bank listed among 9 de novo bank charter applicants to the OCC in H1 2026.· banking
2026
Applied to charter OpenReserve Bank, National Association — national bank (OCC, Salt Lake City, UT); conditional approval — Corporate Decision 1389 2026-09-02. [charter]· banking
Regulated entities
1
regulatory licence held by OpenReserve
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Bank charter application
OpenReserve Bank, National AssociationConditional approval
National bank · OCC · Salt Lake City, UT · filed 2026-04-13
Conditional approval · Corporate Decision 1389 · 2026-09-02
De novo bank with blockchain settlement, tokenized deposits and a GENIUS Act stablecoin subsidiary (ReserveUSD).
Source · OCC decision letter
The stack
0 layers disclosed in OpenReserve’s embedded-finance stack
Accounting gap: none

OpenReserve — frequently asked

Is OpenReserve a bank?

OpenReserve has applied for a national bank charter for OpenReserve Bank, National Association with the OCC. Status: conditional approval (2026-09-02).

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