Crypto bank Erebor completes $350 million financing round, led by Lux Capital
Foresight News reported, according to Axios, that crypto bank Erebor has completed a $350 million financing round at a $4.35 billion valuation, led by Lux Capital, with participation from Founders Fund, 8VC, and Haun Ventures.
Last week, the US Federal Deposit Insurance Corporation (FDIC) approved Erebor's deposit insurance application. Erebor plans to offer both traditional banking and crypto-related products and services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperliquid Vesting Team Token Unlock Schedule: 1.2M HYPE to be unlocked on January 6th
Ethereum "Hegota" upgrade planned for release by the end of 2026
The S&P 500 Index Approaches All-Time High as Funds Rotate into Lower-Valued Sectors
Trending news
MoreCrypto prices
More
