OpenReserve

OpenReserve is a financial technology company establishing a full-service national bank that integrates blockchain infrastructure with traditional banking services. The firm recently achieved a significant milestone by receiving preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national bank charter. The company is focused on creating a bank that operates 24/7, including weekends, by leveraging cryptocurrency and blockchain technology. The bank is founded by Diwakar "Dee" Choubey, co-founder of MoneyLion, who serves as the proposed CEO, and Richard Correia, who is the proposed President and COO with prior operational experience at Merrill Lynch and Citadel. Choubey, who immigrated to the US from India as a child, has a background in both traditional finance and technology, having taken his previous company, MoneyLion, public. The founding team aims to address the limitations of traditional banking, which operates with restricted hours, by building a bank designed for the internet age with a programmable core ledger. OpenReserve's core service revolves around combining regulated credit creation with the continuous money movement capabilities of stablecoins and tokenized deposits. This will enable instant, real-time fund transfers and settlements on the blockchain, allowing businesses and financial institutions to manage capital with greater control and visibility. The company plans to issue its own stablecoin to facilitate transactions even when the Federal Reserve's systems are closed. By building its core infrastructure like a blockchain, OpenReserve also envisions a future where developers can build new financial protocols and products on top of its platform. In April 2026, the company completed a $25 million seed funding round led by a16z crypto. Other notable investors include Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona, and AAF Management. OpenReserve is also actively seeking deposit insurance from the Federal Deposit Insurance Corporation (FDIC) to fully secure its position as a full-service national bank. Keywords: blockchain banking, 24/7 settlement, tokenized deposits, digital assets, national bank charter, continuous settlement, programmable ledger, onchain credit, stablecoins, real-time payments, fintech infrastructure, OCC approval, Dee Choubey, a16z crypto, digital banking, financial technology, crypto-integrated banking, institutional crypto, banking-as-a-service, core banking