AAF Management retweeted
OpenReserve founder and CEO @deechoubey joins @CNBCFastMoney to talk the future of banking.
cnbc.com/video/2026/09/14/op…
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A few founders that were under 30 when we gained expsoure to their businesses!
@DecagonAI @FlexSuperApp @neros_tech @Novig @basepowerco @WeAreLegora among others!
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@OpenReserveBank just received OCC conditional approval for one of the rarest assets in American finance: a full-service U.S. National Bank charter.
Not a trust charter. Not a sponsor-bank wrapper. A real bank.
@deechoubey sold MoneyLion for ~$1B. Now he’s back, backed by @a16zcrypto and others, building an AI-native, onchain bank from the ground up. 24/7/365 Continuous Finance is here, fully enabled on Fed rails.
This is a much bigger deal than people realize given the high bar from the OCC.
2026 NATIONAL BANK CHARTER RECIPIENTS: @nubank @itau @Revolut @ereborbank
Made with AI
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@guywuolletjr from @a16zcrypto with their coverage:
This week the OCC granted conditional approval for a full-service U.S. national bank charter application to @OpenReserveBank.
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
@deechoubey @guywuolletjr
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Our GP & Managing Director @odarwazah writes about his journey with @OpenReserveBank and @AAF_Management's Investment in the $25M Seed Round.
At @AAF_Management we’re excited to have backed @OpenReserveBank in its $25 million Seed Round led by @a16zcrypto, @jumpcapital, @AcrewCapital, @cbventures, Clocktower Ventures and @QuonaCapital. See below our thesis and Why We Invested 👇🏼
medium.com/arab-angel-fund/o…
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Introducing the bank that never closes.
Onchain rails. Instant settlement. 24/7
learn more: openreserve.ai
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AAF Management retweeted
A little Flex in the financial capital of the world.
Times Square. Nasdaq.
New York City.
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The future of banking is here @OpenReserveBank
Introducing @OpenReserveBank , 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: openreserve.ai
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AAF Management retweeted
At @AAF_Management we’re excited to have backed @OpenReserveBank in its $25 million Seed Round led by @a16zcrypto, @jumpcapital, @AcrewCapital, @cbventures, Clocktower Ventures and @QuonaCapital. See below our thesis and Why We Invested 👇🏼
medium.com/arab-angel-fund/o…
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AAF Management retweeted
See more of what we are building: openreserve.ai
Introducing @OpenReserveBank , 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: openreserve.ai
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AAF Management retweeted
The momentum continues. Up and to the right.
We hit a new milestone at @FlexSuperApp: $20 billion in annualized payment volume.
We ended 2025 at $5B, reached $10B just four months later, and have already doubled again to $20B.
We’re incredibly grateful to our customers for continuing to trust Flex and making this growth possible.
On to $50B, then $100B, then $1T.
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AAF Management retweeted
Proud to see #Peptilogics highlighted by GEN as part of Pittsburgh’s growing biopharma ecosystem! bit.ly/4gA5LBU 👏
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Great read, on the more important dynamics of "AI Spending" - The Two Token Economics of AI by @LeonisCapital
leonisnewsletter.substack.co…
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AAF Management retweeted
Today, we announce our Series C Funding of $250M at $2.5B post money valuation to scale our Autonomous and Interceptor drone programs.
This round of funding is co-led by Sequoia Capital and American Strategic Technology Fund (ASTF) with participation by Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, and Dylan Field.
These funds will accelerate the development and production ramps for new drone programs including Archer AI, an FPV platform augmented with autonomy features including Terminal Guidance and GPS-denied Position Hold, and Bandit, a c-UAS interceptor drone intended to counter Class 2 and 3 drone threats including Shahed-style systems.
These platforms are being developed with the hardware and compute required for multi-asset control (often called “swarming”) while retaining the cost efficiency Neros is known for – and that’s essential to achieving true attritable mass.
Both Archer AI and Bandit will be deployed for combat by the end of 2026.
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RT @Uniblock: Uniblock is live on @googlecloud Marketplace.
One API key across 300+ chains and 55+ routed providers. Routing and failover…
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With @basepowerco's round announcement today of $1B on $13B valuation, we now have 5 Decacorns in the stable from The Axis Fund.
@basepowerco - Leading Home Energy
@ElevenLabs - Leading Voice AI
@thinkymachines - Leading Open Weights AI Models
@perplexity_ai - Leading AI Search & Research
@deel - Leading Global HR Platform
Made with AI
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AAF Management retweeted
Today, we're launching Base Core, our own battery designed & built in Texas, and announcing our $1B Series D to bring it to homes across the country.
Three years ago, we started Base with a belief that batteries were the unlock to energy abundance. We saw battery storage as the foundation of a modern energy system, and believed we could win the market with vertical integration, technology, and relentless execution (what we now call Base Pace). So we set out to build a network of distributed batteries to deliver affordable, reliable electricity to homeowners and utilities.
While the job is far from finished, the launch of Base Core is the most meaningful step in that plan. We’ve spent the last few years learning hard lessons about building a distributed battery fleet, going from 1 install per day in June of ‘24 to 100 installs per day in June of ‘26. These lessons - how the battery is shipped, installed, used, and monitored - informed the design of Core. Now, Core will be the foundation of the company's next phase of growth.
Base Core is a first-of-its-kind home battery. At ~40 kWh it is 3x the size of most home batteries, providing up to 36 hours of backup for the average home. In the event of multi-day outage, Core is equipped with a (first of its kind) generator port - pull out a small portable generator and charge the battery back up to keep your home running as long as you need. When an outage does happen, the backup is seamless - most members won't even notice the grid went down. It's built to withstand Texas summers, Chicago Winters, and everything in between. And finally, it’s manufactured by our team in Austin, at Base Factory 1, right across the street from our HQ.
This new capital will bring Core to more homes and to accelerate our ambition beyond batteries. The round is co-led by Ribbit, Addition, Valor, and JP Morgan, with participation from new major investors D1, Sands, Coatue, Layer Global, and Energy Impact Partners. All of Base’s major existing investors are re-investing, including Thrive, Altimeter, Lightspeed, a16z, CapitalG, Trust, and more. This brings our valuation to $13B.
As we enter the most important growth period in the history of the electricity industry, our mission has not changed - advance human prosperity by delivering the world's most affordable and reliable electricity. Our strategy has not changed - technology, plus vertical integration, plus relentless execution, leads to a compounding cost advantage. What has changed is the scope of our ambition - this new capital, along with the team and capabilities we've built over the last three years, positions us to build technology across the electric stack, including what it takes to serve surging demand from AI, and to deepen our partnerships with utilities as they work to meet rising demands.
Electricity is the largest and most essential industry in the world, and it does not have a defining technology company. The company that delivers the most affordable, reliable power will be one of the largest and most impactful companies in the world. We intend to build it. If you'd like to join us, reach out.
Onwards.
basepowercompany.com/core.
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