OpenReserve has completed a $25 million seed round led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona and Middle Eastern venture fund AAF Management. The on-chain bank aims to build an institution that never closes, using a blockchain-like programmable ledger to support continuous settlement, instant fund transfers and atomic transactions (transactions that complete fully or fail) involving stablecoins and tokenized deposits. It also plans to provide on-chain credit through a regulated bank balance sheet.