ChartModo logo ChartModo logo
cryptonews 2025-12-23 04:32:23

Peter Thiel-Backed Bank Erebor Raises $350M At $4.35B Valuation

Erebor, a new digital bank backed by Peter Thiel and co-founded by Anduril chief Palmer Luckey, quietly raised $350M, valuing the firm at $4.35B as investors pour capital into crypto-adjacent finance again. Lux Capital led the round, and Axios reported that the raise also brought in new investors alongside existing backers such as Founders Fund, 8VC and Haun Ventures. The fundraising arrives as US regulators move Erebor closer to taking deposits, a milestone that still carries weight in a sector shaped by the 2023 collapse of Silicon Valley Bank and the scramble that followed for stable, regulated banking access. Erebor Advances Toward Launch After Regulatory Green Lights The Office of the Comptroller of the Currency granted preliminary conditional approval for Erebor’s de novo national bank charter on Oct. 15, calling it a path for banks to engage in digital asset activities when conducted safely. The @USOCC has granted preliminary approval for Peter Thiel’s Erebor Bank, which plans to serve crypto and tech firms. #Crypto #Banking #OCC https://t.co/6u2kcU7i1P — Cryptonews.com (@cryptonews) October 16, 2025 Comptroller of the Currency Jonathan V. Gould said the decision showed the OCC “does not impose blanket barriers to banks that want to engage in digital asset activities.” The Federal Deposit Insurance Corp. followed in December, approving Erebor’s deposit insurance application subject to conditions, including capital requirements and limits on changes to management and ownership before opening. The FDIC approval reportedly includes a requirement for at least $276M in initial paid in capital and a tier 1 leverage ratio of no less than 12% for the first three years. Stablecoin Focus Fuels Investor Appetite Erebor has pitched itself as a tech and digital asset-focused bank, and the FDIC process reportedly included a capital call agreement designed to ensure investors can inject more funds if certain triggers are hit. Axios described investor enthusiasm around the stablecoin banking angle as running hot, and the sharp jump in valuation signals that backers see an opening for a regulated bank that can serve crypto and frontier tech clients without relying on the shrinking list of willing incumbents. The bank has not publicly set a launch date, though reporting has pointed to an opening in 2026 once final approvals and pre-opening requirements are cleared. The post Peter Thiel-Backed Bank Erebor Raises $350M At $4.35B Valuation appeared first on Cryptonews .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta