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US regulators approve tech backed bank Erebor

source-logo  invezz.com 15 October 2025 12:16, UTC
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  • Erebor, a tech-backed bank by Luckey and Lonsdale, gains US regulatory approval.
  • The bank targets crypto, AI, and defense firms, filling SVB’s gap in tech finance.
  • Erebor to operate digitally with $275M capital under Trump-era banking reforms.
invezz.com