đ Crypto Bank Erebor Raises $350M, Secures FDIC Approval for Nationwide Launch!
Crypto-focused banking startup Erebor has successfully secured $350 million in a recent funding round. Led by Lux Capital, this significant investment pushes Erebor's valuation to an impressive $4.35 billion.
A major milestone for Erebor is its recent FDIC approval. This crucial regulatory clearance now permits the company to operate as a national bank across the United States. đşđ¸
Founded by Palmer Luckey and Joe Lonsdale, Erebor is set to launch operations next year. It aims to provide comprehensive traditional banking alongside crypto-related services, targeting the US tech and crypto sectors. đŚ