OpenReserve has completed a $25 million seed financing led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona and AAF Management. The company is developing an on-chain bank designed to operate continuously, using a programmable ledger architecture similar to blockchain. Its system is intended to support continuous settlement, instant fund transfers and atomic transactions, with stablecoins (digital tokens designed to maintain stable value) and tokenized deposits providing the payment rails. OpenReserve also plans to offer on-chain credit through a regulated bank balance sheet. a16z crypto said internet-era demand has surpassed the capacity of traditional banking back-end infrastructure, pointing to bank operating hours and the settlement speeds of ACH and wire transfers.