OpenReserve Secures Seed Round

OpenReserve, based in Salt Lake City, is building a full-service national bank designed to integrate traditional banking with native onchain settlement. The company recently announced the closing of its seed funding round.

Investors

Investors participating in this round include Andreessen Horowitz, Jump Capital, Acrew, Coinbase Ventures, Wintermute Ventures, Clocktower, Quona, AAF Management, and Zero Knowledge Ventures.

OpenReserve Use of Funds

The company intends to use the capital to continue building out its executive leadership, governance, risk management, compliance, capital, technology, and operating capabilities as it moves toward final OCC approval.

About OpenReserve

Founded in 2026, OpenReserve is led by co-founders Dee Choubey and Richard Correia. The company is currently in the process of becoming an OCC-chartered national bank, aiming to serve institutional customers with services including treasury management, stablecoin issuance, and tokenized deposits.

Funding Details

Company Website: https://openreserve.ai

Company: OpenReserve
Round: Seed
Funding Date: September 2026
Investor: Andreessen Horowitz, Jump Capital, Acrew, Coinbase Ventures, Wintermute Ventures, Clocktower, Quona, AAF Management, Zero Knowledge Ventures
Company Website: www.openreserve.ai
Software Category: Fintech
Source: https://www.businesswire.com/news/home/20260903868515/en/OCC-Grants-OpenReserve-Preliminary-Conditional-Approval-to-Charter-a-National-Bank