Regulatory Alerts2026-04-13
Added · Updated
Digital asset licensing application — OpenReserve Bank, N.A.
OpenReserve Holdings Inc. submits an interagency charter and federal deposit insurance application to organize OpenReserve Bank, National Association as a de novo national bank with its main office in Salt Lake City, Utah. The proposed bank will offer lending, deposit, stablecoin, digital treasury, card issuance, payment, and settlement services integrated with blockchain infrastructure, targeting digital asset platforms, enterprises, and financial institutions. A wholly owned subsidiary, ReserveUSD, LLC, will issue the rUSD stablecoin in compliance with the GENIUS Act, while the organizers request waivers from director residency requirements under 12 U.S.C. § 72.