Odaily News: Blockchain-native fintech startup OpenReserve received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on September 2 to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum Tier 1 leverage ratio of 12% for three years after opening. It must also commence operations within 18 months, or the approval will lapse. The relevant deadlines are September 2027 and March 2028, respectively.OpenReserve plans to offer tokenized deposits, treasury management, foreign correspondent banking, and Banking-as-a-Service for institutional clients. The full-service national bank charter, upon final approval, would allow it to accept deposits and conduct lending activities.OpenReserve previously completed a $25 million seed funding round led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures, among others. The company plans to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but that subsidiary has not yet filed an application with the OCC. (Decrypt)

Odaily星球日报讯 美国货币监理署（OCC）已初步批准 OpenReserve 的国家银行牌照申请。该公司于 4 月完成 2500 万美元种子轮融资，由 a16z crypto 领投，Jump Capital、Acrew、Coinbase Ventures、Clocktower、Quona 和中东风险投资基金 AAF Management 参与投资。OpenReserve 由包括 MoneyLion 联合创始人 Dee Choubey 在内的金融科技高管领导，致力于结合传统银行业务、区块链基础设施和数字资产服务，并利用数字资产和技术实现全天候 24 小时运营。OpenReserve 还在申请联邦存款保险公司（FDIC）保险，目前已向 FDIC 提交申请。

Odaily reports that TrueDAO, a decentralized finance infrastructure project, announced the completion of a $10 million strategic funding round led by Brevan Howard Digital, with participation from Zee Prime Capital and Jump Capital. The new funds will be used for AI protocol development, intelligent risk control, security auditing, and the development of AI-driven risk monitoring and stress testing systems to optimize smart contracts and protocol modules, thereby enhancing infrastructure capabilities. (Decrypt)

Odaily reported that Blitzy, an AI coding company co-founded by former Nvidia architect Sid Pardeshi, has announced the completion of a $200 million funding round. Northzone led the round, with participation from Battery Ventures, Jump Capital, and crypto investment firm Morgan Creek Digital, among others. It is reported that the Blitzy platform can parse complex systems with over 100 million lines of code and execute development, testing, and verification tasks in parallel through thousands of AI agents. This model is seen as a significant application direction for Agentic AI in the development field. The new funds will be used to expand research and development as well as market outreach, focusing primarily on highly regulated industries such as finance. (Techfundingnews)

Odaily News: Live-streaming prediction market and Meme coin issuance platform Pumpcade announced the completion of a $5 million seed round funding, with participation from Jump Crypto and Foundation Capital.According to reports, Pumpcade is built on Solana, supports one-click creation of prediction markets in live-streaming scenarios, and is integrated into the Pump.fun chat system. Previously, Pump.fun participated in its $1 million pre-seed funding round.

Odaily reports that digital asset management and infrastructure company Galaxy has announced it will establish an entity in Abu Dhabi Global Market (ADGM) and plans to open a local office to deepen its business presence in the Middle East. Galaxy founder and CEO Mike Novogratz stated that this move aims to expand the company's existing partnerships and operational scope. Galaxy Managing Director Bouchra Darwazah pointed out that the Middle East has become one of the world's fastest-growing financial centers, with highly sophisticated investors and innovators, making it a key region for Galaxy's investors, clients, and portfolio companies. Galaxy reportedly achieved a net profit of $505 million and shareholders' equity of $3.2 billion in the third quarter of 2025, and continues to be active in the crypto investment field, including participating in the $1.65 billion Solana Treasury Fund with Cantor Fitzgerald, Multicoin Capital, and Jump Crypto. Over the past year, several crypto companies have received regulatory approval in the Middle East to enter the local market, including exchanges such as Binance and Bybit; stablecoin issuers have also continued to receive approval. Recently, Tether's USDT was recognized as a "fiat-pegged token" in Abu Dhabi, and Circle also obtained a financial services license, allowing it to operate the USDC stablecoin locally. (Cointelegraph)

Odaily Planet Daily reported that stablecoin startup Coinflow has announced the completion of a $25 million Series A funding round, with participation from Pantera, Coinbase Ventures, Reciprocal Ventures, and Jump Capital. By using stablecoins as an intermediary layer, the company can help businesses shorten customer card payment times and help merchants process stablecoin-supported payment transactions. (Fortune)

Forward Industries (FORD), the Solana treasury company, announced today that it has filed a $4 billion ATM plan with the U.S. SEC to fund its Solana financial strategy. The plan will be used for general corporate purposes, including continued execution of the Solana strategy, acquisition of revenue-generating assets, and other capital expenditures. Previously, Forward Industries completed a $1.65 billion PIPE private placement, led by Galaxy Digital, Jump Crypto, and Multicoin Capital, and purchased over 6.8 million SOLs, becoming the world’s largest publicly traded Solana financial company.

According to market news, Forward Industries announced that it now holds more than 6.8 million SOL tokens and has launched the Solana treasury strategy.

Odaily Planet Daily News: Kyle Samani, co-founder of Multicoin Capital, posted on X that in addition to Multicoin Capital's joint lead investment in Forward Industries, he also personally invested $25 million. Earlier news broke that Nasdaq-listed Forward Industries (NASDAQ: FORD) has officially announced it has secured $1.65 billion in cash and stablecoin commitments to launch its SOL-centric digital asset treasury strategy through a PIPE (Private Equity Offering). The funding round was led by Galaxy Digital (NASDAQ: GLXY), Jump Crypto, and Multicoin Capital, with participation from C/M Capital Partners, one of the company's largest existing shareholders.