Erebor Bank targets $1.5B raise at $9.5B valuation: FT
The year-old, US-regulated crypto-friendly lender has quadrupled deposits to $4.6B in four months and is about to double its private-market value, with the 12% leverage rule forcing the raise.
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The year-old, US-regulated crypto-friendly lender has quadrupled deposits to $4.6B in four months and is about to double its private-market value, with the 12% leverage rule forcing the raise.
A near-doubling in seven months, anchored by an OCC national bank charter and a defense-tech founder with Pentagon ties, signals that the crypto-banking thesis is graduating from sandbox to balance…