Crypto neobank Erebor obtains U.S. national bank charter

Cryptocurrency neobank Erebor obtained a U.S. national bank charter on Feb. 6, marking the first such approval under the second Trump administration, Cointelegraph reported. The company has secured approvals from the U.S. Office of the Comptroller of the Currency (OCC) and deposit insurance from the Federal Deposit Insurance Corporation (FDIC). Erebor plans to offer services including financing for high-performance AI chip purchases and crypto-collateralized loans. The neobank has raised $350 million in funding since late last year.

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