Reported about 17 hours ago
A group of tech billionaires, led by Palmer Luckey, is establishing a new crypto-focused bank named Erebor in response to the collapse of Silicon Valley Bank (SVB), which previously served many early-stage tech firms. The bank, applying for a national charter and based in Columbus, Ohio, will cater to technology sectors including AI and crypto, and aims to become a major player in stablecoin transactions, with co-CEOs Owen Rapaport and Jacob Hirshman at the helm.
Source: YAHOO