Erebor Bank, a crypto‑friendly financial startup backed by tech investors including Palmer Luckey and Joe Lonsdale, has become the first new national bank chartered in the US during President Trump’s second term, the Wall Street Journal reported. The Office of the Comptroller of the Currency (OCC) approved the charter less than eight months after application, allowing Erebor to operate nationwide. The bank aims to serve technology firms in crypto, artificial intelligence, defense, and manufacturing, helping fill funding gaps left after Silicon Valley Bank’s collapse. It has also secured FDIC deposit insurance and plans to offer traditional banking alongside services tailored to emerging industries.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The Memecore price didn’t just fall last week. It fell through floors traders assumed were…
The race between Solana and XRP has been going on for a long time. Today,…
The XPL price didn't wait around for a second invitation. The token surged more than…
The tokenized stocks market finally got its newest entrant, and Robinhood wasted no time calling…
The Indian government, which collected nearly ₹18.38 lakh crore (around $193.5 billion) in tax revenue…
Injective price rallied more than 7% on Friday, reclaiming the $5 level after weeks of…
