Revolut and OpenReserve have both received preliminary approval from the US Office of the Comptroller of the Currency (OCC) to establish national banks in the United States. This marks a significant step as both firms plan to integrate cryptocurrency and stablecoin-related services into their banking operations, according to CoinTelegraph.
The move signals growing regulatory acceptance for crypto-focused banking institutions in the US, potentially expanding the scope of digital asset services within traditional financial frameworks. Both companies aim to leverage this approval to offer innovative crypto solutions under national bank charters.
For Japanese investors and market participants, this development highlights increasing institutional adoption of crypto in major Western markets, which could influence regulatory and market trends in Japan’s own evolving digital asset landscape.