TITLE: Revolut and OpenReserve Granted Preliminary Federal Bank Status for Crypto Expansion
Revolut and **OpenReserve** have secured preliminary approval from the Office of the Comptroller of the Currency (OCC) to establish themselves as full-fledged national banks within the United States. This significant regulatory milestone, reported by Cointelegraph on September 1st, sets a clear trajectory for both entities to launch comprehensive cryptocurrency and stablecoin services across American markets.
The OCC’s decision marks a pivotal shift in how international fintech giants intend to operate domestically under federal supervision rather than relying solely on state charters. By transitioning to national bank status, Revolut aims to extend its existing global banking infrastructure into the US while adhering to stricter federal oversight standards applicable to all nationally chartered institutions.
OpenReserve, a company already recognized for its deep integration with major stablecoin issuers such as Tether and Circle through OpenChain, will leverage this new status to formally introduce native payment features directly on its platform. The firm plans to utilize the national banking charter to facilitate broader adoption of digital assets within traditional financial rails.
The path forward involves both companies navigating complex regulatory landscapes before officially commencing crypto-related business operations. While specific launch dates for these services have not been disclosed, industry analysts suggest that full integration could occur as early as 2026 once final compliance measures are satisfied and operational frameworks are fully implemented under the new federal charters.
This development underscores a growing trend of global financial technology firms seeking OCC approval to legitimize their operations within the United States. As these entities prepare for launch, market observers will be closely monitoring how they navigate evolving stablecoin regulations while delivering on promises of seamless digital asset trading and payments for millions of users worldwide.
