BTCC / BTCC Square / Global Cryptocurrency /
Tech Titans Launch Erebor Bank to Fill SVB’s Void for Crypto and AI Startups

Tech Titans Launch Erebor Bank to Fill SVB’s Void for Crypto and AI Startups

Published:
2025-07-04 08:37:02
18
2
BTCCSquare news:

Silicon Valley's banking landscape gains a new player as tech luminaries Palmer Luckey, Peter Thiel, and Joe Lonsdale back Erebor Bank. The institution targets crypto firms, AI startups, and defense tech—sectors stranded after Silicon Valley Bank's 2023 collapse. Unlike traditional banks, Erebor embraces digital-first operations with offices in Columbus and New York, designed to match the velocity of startup ecosystems.

Erebor distinguishes itself through proactive stablecoin integration, having filed for a national charter to hold these assets on its balance sheet. This strategic pivot could bridge the gap between institutional banking and decentralized finance, offering startups a rare ally in regulated financial infrastructure.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users