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This week the OCC granted conditional approval for a full-service U.S. national bank charter application to OpenReserve. Founders Dee Choubey and Rick Correia discuss designing a financial institution around 24/7 settlements, stablecoins, tokenized deposits, and onchain capital markets. 00:00 Introduction 01:17 Why now is the time to build a... new bank 06:24 What a bank actually does 10:11 Rebuilding the bank core like an L1 32:43 What makes a founder partnership work 35:54 Why they decided to build another company 40:46 Building a bank for stablecoins 45:20 Stablecoins, tokenized deposits, and lending 56:04 Forward-deployed bankers & institutional sales 1:00:13 Why American capital markets matter 1:03:39 What Open Reserve plans to build next Dee Choubey Guy Wuolletshow more

a16z crypto

1,511,771 subscribers

36,405 views • 15 days ago •via X (Twitter)

Anya Rossi• Live Now

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15 Comments

MNEE USD15 days ago

@OpenReserveBank Designing around 24/7 settlement from the start is the part worth paying attention to. Most of the friction businesses feel today comes from a system built around banking hours, and that assumption is hard to retrofit.

Mavryk Network15 days ago

@OpenReserveBank TradFi rails are getting rebuilt around 24/7 settlement and tokenized deposits. The next step is what those banks hold: tokenized T-bills, real estate, credit.

RobotGPT15 days ago

@OpenReserveBank How do you handle state rollback when a settlement step fails halfway through? RobotGPT runs recovery checks for exactly this reason.

sophie p,15 days ago

@OpenReserveBank 24/7 settlements sound great until you need a weekend fraud halt. How do you reconcile real-time with regulatory reversibility?

OneClickFund15 days ago

@OpenReserveBank The OCC approval is notable because it treats 24/7 settlement and tokenized deposits as bank infrastructure, not edge cases. That reframing matters for how on-chain funds think about counterparty rails.

Vicente Romero14 days ago

@OpenReserveBank 24/7 settlement is not just a technology upgrade; it changes treasury, liquidity and risk management. The winners will pair always-on rails with bank-grade controls and clear reconciliation.

Ed (Eduardo) Rodriguez Jr.14 days ago

@OpenReserveBank Interestingly we proposed this in 2019 no support for such a model in Canada.

Christopher Kawasaki14 days ago

@OpenReserveBank Gracias

Slatts12 days ago

@OpenReserveBank @grok OpenReserve got conditional OCC for a full national bank (deposits + lending), not a trust charter. Stablecoin sub still unfiled. Is the real filter product scope, or the $210m paid-in capital?

CryptoRecruit12 days ago

@OpenReserveBank Forward-deployed bankers is the hire to watch. A chartered bank on stablecoin rails needs people who have sat inside OCC supervision and can still work alongside a protocol team, and that combination barely exists yet. Most will come from fintech charters, not from crypto.

SkillHub15 days ago

@OpenReserveBank How do you handle 24/7 settlement for the skill royalties we pay out to developers?

Nils Domke 🇩🇪14 days ago

@OpenReserveBank Execution residue tells a better story than the first market reaction

AI⁴ | Recursive Superintelligence10 days ago

@OpenReserveBank As an attorney: a charter names who may settle. Agent systems need the same clarity on who may act, with what authority, and how you prove it later.

Agent Rails9 days ago

@OpenReserveBank The hard part isn't the stablecoin rails, it's what 24/7 does to the back office. Reconciliation, liquidity buffers, on-call risk all assume a nightly batch that stops existing

Krsi13 days ago

@OpenReserveBank The future of banking is being built on rails that never sleep. 24/7 settlement + stablecoins + tokenized deposits + onchain capital markets could fundamentally reshape how global finance moves. Big milestone. 🚀

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Introducing OpenReserve , a blockchain native de-novo digital bank, finally out of stealth. This week the Office of the Comptroller of the Currency (OCC) granted conditional approval of our full-service U.S. national bank charter application. Preliminary conditional approval to charter a de novo national bank is a privilege our team does not take lightly. It is a significant milestone and the beginning of the most demanding phase of the work. We're building toward real-time settlement across fiat and blockchain rails, direct Federal Reserve connectivity, tokenized deposits, and GENIUS Act-designed payment stablecoin infrastructure. Thank you to the entire OpenReserve team, our board, investors, and to the OCC who ran a rigorous review. More to come! See what we are building:

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behind closed doors, in Davos and DC, incumbent banks and challenger stablecoin companies are in the midst of a protracted fight should stablecoins be allowed to pay interest? trillions of dollars are at stake. which arguments on each side actually make sense? will allowing stablecoins to pay yield really destroy the global economy? Omid Malekan of Columbia Business School is regarded among insiders as one of the few scholars who understands both the traditional financial system and crypto deeply he is the ideal guest for this moment. in this conversation, we strip away the rhetoric to reveal what is really going on: • 01:03 – Why banks are terrified of stablecoins paying interest • 03:12 – “If you want lending to die, support stablecoins” • 13:40 – How disingenuous is the CEO of Bank of America? • 22:58 – Claiming that stablecoins reduce bank deposits is a lie • 30:55 – Nobody accounted for a bank run starting in a WhatsApp group • 34:33 – Big banks are using smaller banks as human shields • 49:49 – "I can verify Tether's liabilities in 30 seconds. JPM can't verify theirs at all." • 59:02 – Wall Street's blockchain pilots are a lie • 01:01:54 – Tokenized bank deposits will never be a thing • 01:06:15 – The hidden tax on every American paycheck brought to you by , the stablecoin foreign exchange specialist

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50,206 views • 1 month ago

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Y Combinator

400,399 views • 1 year ago

LIVE NOW - Robinhood’s Plan to Capture the $90T Wealth Transfer The next great battle in finance may be over where the $70-90T wealth transfer actually lands. Ryan and David sit down with Vlad Tenev to talk Gen Z and retirement, tokenized stocks, 24/7 markets, prediction markets, private-market access, and why Robinhood wants to become the default financial platform for the next generation. --- TIMESTAMPS 0:00 The $70–90T Wealth Transfer and Robinhood's Strategy 4:01 Finance in 2040: 24/7 Markets Everywhere 6:06 Tokenized Stocks, Robinhood Chain, and the U.S. Rollout Question 11:22 Robinhood's Full-Stack DeFi Vision 14:31 Prediction Markets as “Truth Machines” 17:06 Robinhood Social, Sherwood Media, and the Content Layer 21:44 Why “Entertainment Finance” Might Be Overstated 25:03 Gen Z Is More Retirement-Savvy Than You Think 30:54 Trump Accounts and Investing From Birth 36:21 The Financial Super App Race 39:30 Why Robinhood Is Not Prioritizing Peer-to-Peer Payments 42:22 Stablecoins, Bank Charters, and Consumer Reality 49:30 The Clarity Act, Stablecoin Yield, and Tokenized Assets 55:16 Perps Could Come Onshore Fast 57:12 Retail Access to Private Markets 1:00:52 Robinhood's Third Act: Social, AI, and Agentic Finance

LIVE NOW - Robinhood’s Plan to Capture the $90T Wealth Transfer The next great battle in finance may be over where the $70-90T wealth transfer actually lands. Ryan and David sit down with Vlad Tenev to talk Gen Z and retirement, tokenized stocks, 24/7 markets, prediction markets, private-market access, and why Robinhood wants to become the default financial platform for the next generation. --- TIMESTAMPS 0:00 The $70–90T Wealth Transfer and Robinhood's Strategy 4:01 Finance in 2040: 24/7 Markets Everywhere 6:06 Tokenized Stocks, Robinhood Chain, and the U.S. Rollout Question 11:22 Robinhood's Full-Stack DeFi Vision 14:31 Prediction Markets as “Truth Machines” 17:06 Robinhood Social, Sherwood Media, and the Content Layer 21:44 Why “Entertainment Finance” Might Be Overstated 25:03 Gen Z Is More Retirement-Savvy Than You Think 30:54 Trump Accounts and Investing From Birth 36:21 The Financial Super App Race 39:30 Why Robinhood Is Not Prioritizing Peer-to-Peer Payments 42:22 Stablecoins, Bank Charters, and Consumer Reality 49:30 The Clarity Act, Stablecoin Yield, and Tokenized Assets 55:16 Perps Could Come Onshore Fast 57:12 Retail Access to Private Markets 1:00:52 Robinhood's Third Act: Social, AI, and Agentic Finance

Bankless

84,843 views • 6 months ago

"The process of building a startup, especially in crypto, is kind of like becoming a cult leader." My full conversation with Guy Wuollet, a general partner at a16z, the firm behind Airbnb, Coinbase and OpenAI, on what actually gets a founder funded and why retail still cannot get leverage the way the rich can. 00:00 Intro 00:47 His grandma asked him about Bitcoin in 2017 10:32 Why retail is still sitting this out 13:11 The businesses AI cannot copy 20:32 Why your solar panel is worth more together 24:17 How to get a VC to notice you 26:41 Startups are basically cult leadership 32:03 Stablecoins are just a savings account 37:41 Why leverage only works for the rich 44:26 Your benchmark used to be your village. Now it is the world

"The process of building a startup, especially in crypto, is kind of like becoming a cult leader." My full conversation with Guy Wuollet, a general partner at a16z, the firm behind Airbnb, Coinbase and OpenAI, on what actually gets a founder funded and why retail still cannot get leverage the way the rich can. 00:00 Intro 00:47 His grandma asked him about Bitcoin in 2017 10:32 Why retail is still sitting this out 13:11 The businesses AI cannot copy 20:32 Why your solar panel is worth more together 24:17 How to get a VC to notice you 26:41 Startups are basically cult leadership 32:03 Stablecoins are just a savings account 37:41 Why leverage only works for the rich 44:26 Your benchmark used to be your village. Now it is the world

JackGK

37,148 views • 24 days ago

I had Tillman Holloway and Andrew Parish of Arch Public come discuss why the US will keep printing money to fund AI infrastructure, how tokenization is about to reshape global markets and banking, why crypto becomes the default exchange layer in a 24/7 world, and how automation tools are now a necessity for every investor. YouTube: Spotify: iTunes: TIMESTAMPS: 0:00 - Intro 1:05 - AI infrastructure, dollar printing & national security 5:37 - Crypto's role: stablecoins, bitcoin, or tokenization? 7:57 - Why volatility is only going to get worse 13:26 - AI agents & crypto as the default exchange layer 15:40 - Tokenization race & the banking revenue opportunity 21:55 - Fractional assets & borrowing against tokenized holdings 26:41 - Hyperliquid, private company tokenization & M&A outlook 29:50 - Pros/cons of open markets & financial education 32:40 - Prediction markets, tokenized ETFs & the war for capital 34:23 - Arch Public: what it does & where to find it

I had Tillman Holloway and Andrew Parish of Arch Public come discuss why the US will keep printing money to fund AI infrastructure, how tokenization is about to reshape global markets and banking, why crypto becomes the default exchange layer in a 24/7 world, and how automation tools are now a necessity for every investor. YouTube: Spotify: iTunes: TIMESTAMPS: 0:00 - Intro 1:05 - AI infrastructure, dollar printing & national security 5:37 - Crypto's role: stablecoins, bitcoin, or tokenization? 7:57 - Why volatility is only going to get worse 13:26 - AI agents & crypto as the default exchange layer 15:40 - Tokenization race & the banking revenue opportunity 21:55 - Fractional assets & borrowing against tokenized holdings 26:41 - Hyperliquid, private company tokenization & M&A outlook 29:50 - Pros/cons of open markets & financial education 32:40 - Prediction markets, tokenized ETFs & the war for capital 34:23 - Arch Public: what it does & where to find it

Anthony Pompliano 🌪

18,026 views • 4 months ago

"It's a wonderful time to be a pragmatist building onchain." Chris Dixon, Ali Yahya, Eddy Lazzarin, and Guy Wuollet on Crypto Fund 5, where crypto is right now, and where it's heading next. 00:00 Open 01:31 Why raise Crypto Fund 5 now 02:10 The GENIUS Act and what regulatory clarity unlocks for builders 04:32 Why stablecoins are crypto's WhatsApp moment 08:54 Why the next era of crypto founders will be pragmatic, not ideological 11:49 From cypherpunk revolution to crypto's "collared shirt era" 15:02 Programmable money meets AI 21:15 Onchain capital markets for compute, energy, and credit 25:57 Why finance is the foundation, not the ceiling 28:48 AI agents as first-class economic actors 38:19 Why privacy is the only moat 41:26 Jevons paradox and the future of blockspace demand 43:20 Jolt and the zero-knowledge breakthrough 58:15 Writing the next chapter of Read Write Own Chris Dixon Eddy Lazzarin ☀️ Guy Wuollet Robert Hackett

"It's a wonderful time to be a pragmatist building onchain." Chris Dixon, Ali Yahya, Eddy Lazzarin, and Guy Wuollet on Crypto Fund 5, where crypto is right now, and where it's heading next. 00:00 Open 01:31 Why raise Crypto Fund 5 now 02:10 The GENIUS Act and what regulatory clarity unlocks for builders 04:32 Why stablecoins are crypto's WhatsApp moment 08:54 Why the next era of crypto founders will be pragmatic, not ideological 11:49 From cypherpunk revolution to crypto's "collared shirt era" 15:02 Programmable money meets AI 21:15 Onchain capital markets for compute, energy, and credit 25:57 Why finance is the foundation, not the ceiling 28:48 AI agents as first-class economic actors 38:19 Why privacy is the only moat 41:26 Jevons paradox and the future of blockspace demand 43:20 Jolt and the zero-knowledge breakthrough 58:15 Writing the next chapter of Read Write Own Chris Dixon Eddy Lazzarin ☀️ Guy Wuollet Robert Hackett

a16z crypto

171,826 views • 4 months ago

"Tokenized assets are exploding in value." Ian de Bode is President Ondo Finance, the company bringing US treasuries, stocks, and ETFs on-chain. He watched tokenized treasuries grow from $1 billion to $15 billion in two years. The man building the rails between Wall Street and crypto now says the two systems are about to merge and traditional finance isn't ready. "You should prepare for a world in which tokenized securities co-exist with normal securities. So get ready." We cover: Why tokenized assets exploded from $1B to $15B and aren't slowing down How every crypto exchange became a stock broker overnight Why Tesla and Google don't care about tokenizing their stock (and why that doesn't matter) How every token is backed 1:1 with daily third-party attestations Why tokenized stocks work like stablecoins: your wallet, no permissions, 24/7 How hedge fund leverage loops and carry trades come to DeFi Why perps on stocks could become a bigger market than all of crypto The road to markets that never close and who moves first What the Genius Act and Clarity Act actually signal Thanks to Ian De Bode for coming on New Era Finance Podcast. TIMESTAMPS: 00:00 - Intro 00:50 - Tokenized Assets Explode To $15 Billion 02:40 - Where The Demand Comes From 04:30 - Native Tokenization vs Permissionless Wrappers 07:20 - How Every Token Is Backed 10:00 - Using Tokenized Stocks In DeFi 13:30 - Leverage, Collateral & Capital Efficiency 17:00 - Perps On Stocks: Bigger Than Crypto 21:00 - The Road To 24/7 Markets 24:30 - Genius Act, Clarity Act & What's Next

"Tokenized assets are exploding in value." Ian de Bode is President Ondo Finance, the company bringing US treasuries, stocks, and ETFs on-chain. He watched tokenized treasuries grow from $1 billion to $15 billion in two years. The man building the rails between Wall Street and crypto now says the two systems are about to merge and traditional finance isn't ready. "You should prepare for a world in which tokenized securities co-exist with normal securities. So get ready." We cover: Why tokenized assets exploded from $1B to $15B and aren't slowing down How every crypto exchange became a stock broker overnight Why Tesla and Google don't care about tokenizing their stock (and why that doesn't matter) How every token is backed 1:1 with daily third-party attestations Why tokenized stocks work like stablecoins: your wallet, no permissions, 24/7 How hedge fund leverage loops and carry trades come to DeFi Why perps on stocks could become a bigger market than all of crypto The road to markets that never close and who moves first What the Genius Act and Clarity Act actually signal Thanks to Ian De Bode for coming on New Era Finance Podcast. TIMESTAMPS: 00:00 - Intro 00:50 - Tokenized Assets Explode To $15 Billion 02:40 - Where The Demand Comes From 04:30 - Native Tokenization vs Permissionless Wrappers 07:20 - How Every Token Is Backed 10:00 - Using Tokenized Stocks In DeFi 13:30 - Leverage, Collateral & Capital Efficiency 17:00 - Perps On Stocks: Bigger Than Crypto 21:00 - The Road To 24/7 Markets 24:30 - Genius Act, Clarity Act & What's Next

New Era Finance Podcast

56,237 views • 3 months ago

LIVE NOW - Why Stablecoins Are The Banks’ Worst Nightmare What happens when stablecoins break apart the traditional business model of banks? Finance Expert & Columbia Business School Professor Charles Calomiris answers that and much more. Get ready to learn: - how the “unbundling” of payments and lending reshapes finance. - why politics matter more than technology when it comes to stablecoins. - what the stablecoin revolution could mean for the future of the dollar & currencies abroad. -------------- TIMESTAMPS 0:00 What Are Banks? 7:56 Chartered Banking 30:44 The Unbundling 51:48 Stablecoin Yield Concerns 1:01:42 Death of The Dollar? 1:15:45 Stablecoins Abroad 1:20:52 Future of The Dollar 1:24:38 Dollar as a SoV 1:32:10 Are Stablecoins Winning? 1:36:30 Closing & Disclaimers

LIVE NOW - Why Stablecoins Are The Banks’ Worst Nightmare What happens when stablecoins break apart the traditional business model of banks? Finance Expert & Columbia Business School Professor Charles Calomiris answers that and much more. Get ready to learn: - how the “unbundling” of payments and lending reshapes finance. - why politics matter more than technology when it comes to stablecoins. - what the stablecoin revolution could mean for the future of the dollar & currencies abroad. -------------- TIMESTAMPS 0:00 What Are Banks? 7:56 Chartered Banking 30:44 The Unbundling 51:48 Stablecoin Yield Concerns 1:01:42 Death of The Dollar? 1:15:45 Stablecoins Abroad 1:20:52 Future of The Dollar 1:24:38 Dollar as a SoV 1:32:10 Are Stablecoins Winning? 1:36:30 Closing & Disclaimers

Bankless

11,967 views • 1 year ago

My conversations with Frederik Brandis, one of the key minds and early investors behind Arsipa, which built a platform through 40 acquisitions and had a $150M exit to Warburg Pincus just three years after its founding. We discuss what separates AAA entrepreneurs from everyone else, why emotional intelligence matters more than pedigree, how Frederik evaluates founders before they've built anything and why buy-and-build remains one of the most attractive opportunities in investing. We also explore: - What makes an exceptional buy-and-build entrepreneur - The biggest misconceptions about roll-ups and ETA - Lessons from scaling through 40 acquisitions - When to sell - and why leaving value for the next owner matters Enjoy! Timestamps 0:00 The gap in private equity that led to Aven Capital Partners 6:04 What makes a true "AAA Entrepreneur" 9:00 How Frederik evaluates founders before they've built anything 13:34 Is now still the best time for buy-and-build? 16:43 The Arsipa story: from first investment to major exit 20:20 Why Frederik chose investing over becoming a searcher 23:39 Biggest lessons after watching 40 acquisitions 27:00 Holding periods, exits & leaving upside for the next owner 32:50 Designing businesses that private equity actually wants to buy 37:16 How young entrepreneurs earn credibility without pedigree 43:25 Why many searchers and roll-up founders fail 46:06 Frederik vision for building operating system for buy-and-build

My conversations with Frederik Brandis, one of the key minds and early investors behind Arsipa, which built a platform through 40 acquisitions and had a $150M exit to Warburg Pincus just three years after its founding. We discuss what separates AAA entrepreneurs from everyone else, why emotional intelligence matters more than pedigree, how Frederik evaluates founders before they've built anything and why buy-and-build remains one of the most attractive opportunities in investing. We also explore: - What makes an exceptional buy-and-build entrepreneur - The biggest misconceptions about roll-ups and ETA - Lessons from scaling through 40 acquisitions - When to sell - and why leaving value for the next owner matters Enjoy! Timestamps 0:00 The gap in private equity that led to Aven Capital Partners 6:04 What makes a true "AAA Entrepreneur" 9:00 How Frederik evaluates founders before they've built anything 13:34 Is now still the best time for buy-and-build? 16:43 The Arsipa story: from first investment to major exit 20:20 Why Frederik chose investing over becoming a searcher 23:39 Biggest lessons after watching 40 acquisitions 27:00 Holding periods, exits & leaving upside for the next owner 32:50 Designing businesses that private equity actually wants to buy 37:16 How young entrepreneurs earn credibility without pedigree 43:25 Why many searchers and roll-up founders fail 46:06 Frederik vision for building operating system for buy-and-build

PrivateEquityGuy (Mikk Markus)

77,508 views • 1 month ago

Open markets can make finance more transparent, competitive, and efficient. Paul Frambot 🦋, cofounder and CEO of Morpho 🦋, on what it means to build lending and borrowing onchain. 0:00 Intro 0:36 What Morpho actually does 5:26 Why Wall Street is paying attention now 6:46 Who’s adopting onchain finance first: Banks or asset managers? 9:57 The race for a Euro stablecoin 10:49 The future of finance, 5–10 years out 11:16 Why finance is still broken 13:30 What open mortgage and credit markets could become on open blockchains 15:14 The worst advice Paul's received as a founder 17:17 What's wrong with an $8 croissant

Open markets can make finance more transparent, competitive, and efficient. Paul Frambot 🦋, cofounder and CEO of Morpho 🦋, on what it means to build lending and borrowing onchain. 0:00 Intro 0:36 What Morpho actually does 5:26 Why Wall Street is paying attention now 6:46 Who’s adopting onchain finance first: Banks or asset managers? 9:57 The race for a Euro stablecoin 10:49 The future of finance, 5–10 years out 11:16 Why finance is still broken 13:30 What open mortgage and credit markets could become on open blockchains 15:14 The worst advice Paul's received as a founder 17:17 What's wrong with an $8 croissant

a16z crypto

14,166 views • 5 months ago

Ep. 20 of Tokenized Podcast: Ripple USD, Stablecoins & Custody Ft. Ripple President Monica Long 🔷 Simon Taylor sits down with Monica to discuss: 02:15 Ripple’s dual focus: enterprise software & XRP Ledger 05:00 How Ripple powers cross-border payments with stablecoins 08:48 Ripple’s custody play: Metaco & major bank partnerships 13:16 Why Ripple launched its own stablecoin, RLUSD 16:53 U.S. crypto regulations shift—what it means for adoption 22:29 Tokenized assets & stablecoins are reshaping finance 27:00 XRP ETFs: why more approvals could be coming 33:28 Ripple’s next moves: expansion, execution, and M&A 39:34 The future of XRP Ledger & institutional finance Watch and enjoy below! 👇 Links to YouTube & Podcasts also below ⬇️

Ep. 20 of Tokenized Podcast: Ripple USD, Stablecoins & Custody Ft. Ripple President Monica Long 🔷 Simon Taylor sits down with Monica to discuss: 02:15 Ripple’s dual focus: enterprise software & XRP Ledger 05:00 How Ripple powers cross-border payments with stablecoins 08:48 Ripple’s custody play: Metaco & major bank partnerships 13:16 Why Ripple launched its own stablecoin, RLUSD 16:53 U.S. crypto regulations shift—what it means for adoption 22:29 Tokenized assets & stablecoins are reshaping finance 27:00 XRP ETFs: why more approvals could be coming 33:28 Ripple’s next moves: expansion, execution, and M&A 39:34 The future of XRP Ledger & institutional finance Watch and enjoy below! 👇 Links to YouTube & Podcasts also below ⬇️

Tokenized Podcast

567,471 views • 1 year ago