Friday, September 4, 2026

OCC grants Revolut and OpenReserve initial approval to launch crypto banks in US

Revolut and OpenReserve, a cryptocurrency-focused banking startup supported by Andreessen Horowitz, have received preliminary approval from US regulators | Bitget crypto news!

  • Revolut and OpenReserve have received preliminary approval from US regulators (OCC) to launch national crypto banks.
  • Both companies plan to offer digital asset custody, stablecoin services, and tokenized deposits, integrating traditional banking with blockchain solutions.
  • Final approval is contingent on meeting preopening requirements, marking a significant step in institutional adoption of crypto services.

Topics: Jurisdictions, Banks bankingsystems, Asset types, Regulatory sandboxes pilots, Custody asset servicing, Stablecoins digital cash

Tags: #revolut #openreserve #occ #cryptobanks #stablecoins #digitalassets #tokenizeddeposits #regulatoryapproval #usregulators #andreessenhorowitz

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