Erebor Becomes First Bank OK’d Under New Administration

US Approves Erebor Bank as First Crypto Charter Under Trump

Key Insights: US regulators approved Erebor as the first new national bank of Trump’s term. Erebor targets tech startups after gaps left by Silicon Valley Bank’s collapse. Bank plans crypto-backed lending and blockchain-based payment rails. The United States has approved a newly created national bank for the first time during President Donald Trump’s second term. Regulators granted a national bank charter to Erebor Bank, a startup positioned as…

Erebor Becomes First Bank OK’d Under New Administration

Startup-focused lender Erebor has become the first bank chartered under the second Trump administration. The bank aims to fill the void left by the 2023 implosion of Silicon Valley Bank, which catered to tech companies, founders and venture capital outfits, The Wall Street Journal (WSJ)…

Erebor Becomes First Bank OK'd Under New Administration

Startup-focused lender Erebor has become the first bank chartered under the second Trump administration. The bank aims to fill the void left by the 2023 implosion of Silicon Valley Bank, which catered to tech companies, founders and venture capital outfits, The Wall Street Journal (WSJ) reported Friday (Feb. 8). Erebor, which is named for the dragon-guarded mountain of treasure in “The Hobbit,” is launching with $635 million in capital…

Erebor Secures First New US Bank Charter of Trump’s Second Term - Invest In Crypto News

The United States has approved a newly created national bank for the first time during President Donald Trump’s second term, granting a charter to crypto-friendly startup Erebor Bank. The Office of the Comptroller of the Currency (OCC) confirmed the approval on Friday, allowing the lender to operate nationwide, the Wall Street Journal reported, citing people familiar with the matter. The institution launches with about $635 million in capital an…