[Coin World] Another major move. The digital bank Erebor, supported by tech mogul Peter Thiel and Anduril founder Palmer Luckey, has just completed a new round of financing of $350 million. Lux Capital led the round, with established investment firms like Founders Fund, 8VC, and Haun Ventures also joining in. It is now valued at $4.35 billion.
This bank has a clear positioning - serving players in the crypto and tech circles. The key point is that Erebor has already received FDIC deposit insurance approval, and the preliminary banking license is also in hand. According to the plan, it will officially launch operations in 2026. From the scale of financing and the lineup of investors, this is not just about impressive financing numbers; there is also backing from traditional finance and tech capital. The crypto financial infrastructure is increasingly moving towards a more regulated direction.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Valuation of 4.35 billion! Thiel-backed Digital Bank Erebor raises 350 million USD, launching in 2026.
[Coin World] Another major move. The digital bank Erebor, supported by tech mogul Peter Thiel and Anduril founder Palmer Luckey, has just completed a new round of financing of $350 million. Lux Capital led the round, with established investment firms like Founders Fund, 8VC, and Haun Ventures also joining in. It is now valued at $4.35 billion.
This bank has a clear positioning - serving players in the crypto and tech circles. The key point is that Erebor has already received FDIC deposit insurance approval, and the preliminary banking license is also in hand. According to the plan, it will officially launch operations in 2026. From the scale of financing and the lineup of investors, this is not just about impressive financing numbers; there is also backing from traditional finance and tech capital. The crypto financial infrastructure is increasingly moving towards a more regulated direction.