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.
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