Thiel-Backed Erebor Gets Green Light to Launch US Bank for Startups

TLDR Erebor has received preliminary approval from US regulators to operate as a national bank. Billionaire investor Peter Thiel and targets innovation-driven sectors back the company. Erebor aims to serve startups in cryptocurrency, artificial intelligence and advanced technology. The Office of the Comptroller of the Currency confirmed the issuance of a conditional banking charter. Erebor [...]

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