{"id":35172,"date":"2025-07-04T08:17:18","date_gmt":"2025-07-04T08:17:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35172"},"modified":"2025-07-04T08:17:18","modified_gmt":"2025-07-04T08:17:18","slug":"tech-titans-launch-erebor-bank-to-fill-svbs-void-for-crypto-and-ai-startups","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35172","title":{"rendered":"Tech Titans Launch Erebor Bank to Fill SVB\u2019s Void for Crypto and AI Startups"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">A fresh banking venture is taking shape in Silicon Valley. This time, it\u2019s coming from some of the most recognizable names in tech. <\/span><span data-preserver-spaces=\"true\">Palmer Luckey, Peter Thiel, and Joe Lonsdale are backing Erebor Bank, a new institution <\/span><span data-preserver-spaces=\"true\">aimed at serving<\/span><span data-preserver-spaces=\"true\"> crypto firms, AI startups, defense <\/span><span data-preserver-spaces=\"true\">tech<\/span><span data-preserver-spaces=\"true\">, and advanced manufacturing<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">the types of companies that <\/span><span data-preserver-spaces=\"true\">were left<\/span><span data-preserver-spaces=\"true\"> in limbo after the collapse of Silicon Valley Bank in 2023.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Filling SVB\u2019s Gap<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Before its downfall, SVB played a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> role in financing early-stage <\/span><span data-preserver-spaces=\"true\">tech<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> Its absence created a vacuum that traditional banks were not exactly eager to fill. <\/span><span data-preserver-spaces=\"true\">Erebor Bank <\/span><span data-preserver-spaces=\"true\">wants<\/span><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">step into<\/span><span data-preserver-spaces=\"true\"> that space.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ICYMI: A new US bank backed by <a href=\"https:\/\/twitter.com\/PalmerLuckey?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@PalmerLuckey<\/a> and <a href=\"https:\/\/twitter.com\/JTLonsdale?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@JTLonsdale<\/a> is aiming to fill the crypto sized hole left by SVB.<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f4f0.png\" alt=\"\ud83d\udcf0\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Called Erebor the bank has filed for a national charter and plans to serve crypto AI and defense startups  with a focus on stablecoins &amp; digital assets.<\/p>\n<p>\u2014 levinocrypto (@levinocryp45219) <a href=\"https:\/\/twitter.com\/levinocryp45219\/status\/1940826809857343973?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">It\u2019s a digital-first operation with its main office in Columbus, Ohio, and a presence in New York. <\/span><span data-preserver-spaces=\"true\">The goal is to build a modern institution that understands the speed and complexity of the startup world, <\/span><span data-preserver-spaces=\"true\">especially<\/span><span data-preserver-spaces=\"true\"> in <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Stablecoin-Backed Blueprint<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">One thing that sets Erebor apart is its intention <\/span><span data-preserver-spaces=\"true\">to actively support stablecoins<\/span><span data-preserver-spaces=\"true\">. The bank has already applied for a national banking charter and plans to hold stablecoins on its balance sheet. <\/span><span data-preserver-spaces=\"true\">That move could give it an edge when it comes to serving companies <\/span><span data-preserver-spaces=\"true\">working<\/span><span data-preserver-spaces=\"true\"> with tokenized assets or global payments.<\/span><span data-preserver-spaces=\"true\"> Co-CEOs Owen Rapaport and Jacob Hirshman, both with experience in crypto infrastructure, are driving this plan forward.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Founders and Mission<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Palmer Luckey, known for Oculus and defense firm Anduril, is financially backing the project but will stay out of day-to-day operations. Peter Thiel and Joe Lonsdale bring deep ties to venture capital through Founders Fund and 8VC. <\/span><span data-preserver-spaces=\"true\">The leadership team, <\/span><span data-preserver-spaces=\"true\">including Rapaport, <\/span><span data-preserver-spaces=\"true\">who<\/span><span data-preserver-spaces=\"true\"> previously worked at Circle<\/span><span data-preserver-spaces=\"true\">, sees Erebor as a lifeline for tech sectors that have <\/span><span data-preserver-spaces=\"true\">been underserved<\/span><span data-preserver-spaces=\"true\"> since SVB <\/span><span data-preserver-spaces=\"true\">went under<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.18T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68678a7e25c10\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">The aim is to create a bank that doesn\u2019t flinch at innovation. Where others see risk, Erebor sees potential. It\u2019s pitching itself as the first real banking option designed from the ground up to support the tools and trends defining the next decade.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Why Now May Be the Right Time<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The timing is no accident. The startup ecosystem has not fully recovered from SVB\u2019s implosion. Founders still struggle to find banking partners that truly get their business models. <\/span><span data-preserver-spaces=\"true\">On top of that<\/span><span data-preserver-spaces=\"true\">, stablecoin regulation is finally <\/span><span data-preserver-spaces=\"true\">starting<\/span><span data-preserver-spaces=\"true\"> to take shape, and several <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\"> firms <\/span><span data-preserver-spaces=\"true\">like<\/span><span data-preserver-spaces=\"true\"> Circle and Anchorage are moving toward regulated banking models.<\/span><span data-preserver-spaces=\"true\"> Erebor wants to get ahead of that curve.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bank says it plans to become one of the most tightly regulated institutions working with stablecoins. If that happens, it could offer a blend of security and speed that few others can match.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Lies Ahead<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Even with strong backing, Erebor has a long regulatory road ahead. <\/span><span data-preserver-spaces=\"true\">Getting<\/span><span data-preserver-spaces=\"true\"> a national charter <\/span><span data-preserver-spaces=\"true\">means<\/span><span data-preserver-spaces=\"true\"> meeting standards set by the OCC, Federal Reserve, and other agencies.<\/span> <span data-preserver-spaces=\"true\">And since <\/span><span data-preserver-spaces=\"true\">crypto is still<\/span><span data-preserver-spaces=\"true\"> a sensitive topic for many regulators, the bank\u2019s digital asset strategy is likely to face <\/span><span data-preserver-spaces=\"true\">heavy<\/span><span data-preserver-spaces=\"true\"> scrutiny.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But<\/span><span data-preserver-spaces=\"true\"> Erebor is entering the <\/span><span data-preserver-spaces=\"true\">space<\/span><span data-preserver-spaces=\"true\"> at a moment when the rules are <\/span><span data-preserver-spaces=\"true\">clearer<\/span><span data-preserver-spaces=\"true\"> and <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> demand is higher.<\/span><span data-preserver-spaces=\"true\"> Circle\u2019s expansion and Anchorage\u2019s foothold have already proven there\u2019s a real appetite for crypto-native banking options that play by the rules.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Looking Forward<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Erebor is not trying to recreate the past. It\u2019s stepping into the future with a clear focus on stablecoins, secure custody, and <\/span><span data-preserver-spaces=\"true\">smarter<\/span><span data-preserver-spaces=\"true\"> lending. <\/span><span data-preserver-spaces=\"true\">Whether it becomes the go-to bank for tech startups or <\/span><span data-preserver-spaces=\"true\">just<\/span><span data-preserver-spaces=\"true\"> helps push the conversation forward, it\u2019s already part of the next chapter in the crypto and fintech story.<\/span><span data-preserver-spaces=\"true\"> The gap left by SVB is still <\/span><span data-preserver-spaces=\"true\">there.<\/span><span data-preserver-spaces=\"true\"> Erebor thinks it has the blueprint <\/span><span data-preserver-spaces=\"true\">to finally close it<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Erebor Bank is being launched by tech figures like Palmer Luckey, Peter Thiel, and Joe Lonsdale to serve crypto, AI, and defense startups left behind after SVB\u2019s collapse.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The bank plans to support stablecoins directly on its balance sheet and has applied for a national banking charter to operate as a federally regulated institution.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Erebor Bank\u2019s leadership includes former Circle staff and crypto veterans aiming to create a regulated, digital-first bank tailored to startup needs.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The project is designed to fill the startup banking gap with tools for fast-moving sectors like tokenized assets, global payments, and advanced manufacturing.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        If successful, Erebor Bank could become a major player in crypto banking by combining innovation with full regulatory compliance.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/adoption\/erebor-bank-new-crypto-and-startup-bank-backed-by-tech-giants\/\">Tech Titans Launch Erebor Bank to Fill SVB\u2019s Void for Crypto and AI Startups<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A fresh banking venture is taking shape in Silicon Valley. This time, it\u2019s coming from some of the most recognizable names in tech. Palmer Luckey, Peter Thiel, and Joe Lonsdale are backing Erebor Bank, a new institution aimed at serving crypto firms, AI startups, defense tech, and advanced manufacturing, the types of companies that were [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35172","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35172"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35172\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}