Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Erebor Bank, backed by tech investors, launched as the first new national bank in Trump’s second term, focusing on crypto, AI, and defense startups with $635M in capital.
Erebor Bank, backed by Palmer Luckey and major tech investors, has become the first new national bank chartered under President Trump’s second term, receiving approval from the OCC after an eight-month review.
The crypto-focused bank, with $635 million in capital, aims to serve AI, defense, and crypto startups, filling a gap left by Silicon Valley Bank’s 2023 collapse.
It plans to offer crypto-backed credit, finance high-performance AI chips, and use blockchain for continuous settlement.
The bank has also secured FDIC deposit insurance and reached a $4 billion valuation.
5 Articles
Erebor Bank, respaldado por inversores tecnológicos, se lanzó como el primer nuevo banco nacional en el segundo mandato de Trump, centrándose en startups de cripto, IA y defensa con $ 635 millones en capital.