The post Erebor Secures $350M Funding at $4.35B Valuation Amid OCC, FDIC Approvals for Crypto Banking appeared on BitcoinEthereumNews.com.

Erebor, the digital bank co-founded by Palmer Luckey and backed by Peter Thiel, raised $350 million in funding at a $4.35 billion valuation. This milestone coincides with preliminary approvals from the OCC and FDIC, highlighting momentum for crypto- and AI-focused banking services. The funding round, led by Lux Capital, includes investors like Founders Fund and Haun Ventures. Erebor aims to address banking gaps for startups and crypto ventures post-SVB collapse. Regulatory approvals from OCC and FDIC signal growing institutional interest in digital asset banking, with 2025 seeing increased clarity under new U.S. policies. Discover how Erebor’s $350 million raise at $4.35B valuation boosts crypto banking amid OCC and FDIC nods. Explore the future of digital assets—read now for key insights! What is Erebor’s latest funding round and valuation? Erebor’s funding round marks a significant achievement for the digital bank co-founded by tech entrepreneur Palmer Luckey and supported by billionaire Peter Thiel. The company secured $350 million in a round led by Lux Capital, achieving a post-money valuation of $4.35 billion, according to sources familiar with the matter. This investment reflects strong investor confidence in Erebor’s vision to integrate traditional banking with crypto and AI technologies. How do recent regulatory approvals impact Erebor’s operations? Erebor recently obtained preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC), a crucial step toward full banking licensure. This approval allows the company to pursue expanded services in digital asset custody and settlement. Last week, the Federal Deposit Insurance Corporation (FDIC) greenlit Erebor’s deposit insurance application for a 12-month period, which could be extended if the bank formalizes its establishment. These developments come amid broader regulatory shifts in the U.S., including stablecoin legislation and anticipated guidelines from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). According to…

---

Filed under: News - @ December 23, 2025 1:19 am