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CoinOtag 2025-12-22 23:02:28

Erebor Secures $350M Funding at $4.35B Valuation Amid OCC, FDIC Approvals for Crypto Banking

Erebor Secures $350M Funding at $4.35B Valuation Amid OCC, FDIC Approvals for Crypto Banking

Erebor, the digital bank co-founded by Palmer Luckey and backed by Peter Thiel, raised $350 million in funding at a $4.35 billion valuation. This milestone coincides with preliminary approvals from the OCC and FDIC, highlighting momentum for crypto- and AI-focused banking services. The funding round, led by Lux Capital, includes investors like Founders Fund and [...]

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