Erebor Bank Eyes $8B Valuation as Deposits Quadruple in Four Months
Palmer Luckey’s digital bank, which received fast-track OCC approval, is in talks for a new funding round that would nearly double its 2025 valuation, Bloomberg reports, fueled by rapid growth from…
Read the full articleYou might also wanna read
Palmer Luckey's Erebor bank targets $8bn valuation after rapid deposit growth
Erebor, newly chartered, rapidly grew deposits and is seeking an $8bn+ valuation by targeting defense tech and crypto-linked customers.
briefly.co·8d ago
Circle Jumps 14% on OCC Trust Bank Approval; Coinbase and Strategy Gain 5% as Bitcoin Bounces
A federal banking charter sent Circle stock surging Friday, but with 69% losses over the past year and a rival stablecoin backed by Visa loo
Stablecoin firm Circle wins final OCC approval to open national trust bank
Circle wins final OCC approval for First National Digital Currency Bank, with USDC reserve management planned for a later phase.
OCC Clears Sony Bank to Open Connectia Trust for USD Stablecoin Business
Sony Bank has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to open a national trust bank buil
OCC Reports $16.3 Billion in Bank Trading Revenue for Q1 2026
The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of
occ.gov·11d ago
Circle Wins OCC Approval for National Trust Bank
Circle's new OCC-chartered trust bank gives USDC federal custody backing, sending CRCL up 10%+ as it claws back OpenUSD selloff losses.
Comments
Sign in to join the conversation.
No comments yet. Be the first.