OpenReserve Bank, National Association
Where the charter stands
FDIC deposit insurance application received Apr 13, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval Sept 2, 2026 (Corporate Decision #1389). Deposit and lending products with tokenized deposits, payments, treasury, digital asset services and a banking-as-a-service platform; no branches.
Source: FDIC pending deposit insurance applications, as of October 27, 2026.
Capital
OCC requires at least $210M and a 12% tier 1 leverage ratio
Technology and vendors
Plans a stablecoin-issuing subsidiary; that application had not been filed as of the OCC decision.
Common questions
Is OpenReserve Bank, National Association open?
Not yet. As of November 2, 2026, its status is application pending. FDIC deposit insurance application received Apr 13, 2026; pending as of Oct 27, 2026. OCC preliminary conditional approval Sept 2, 2026 (Corporate Decision #1389). Deposit and lending products with tokenized deposits, payments, treasury, digital asset services and a banking-as-a-service platform; no branches.
How much capital does OpenReserve Bank, National Association have?
OCC requires at least $210M and a 12% tier 1 leverage ratio
A new bank picks its loan and account intake once. RAVEN verifies income, assets and identity from the source, so day-one applications arrive complete.