According to WSJ, U.S. regulators have approved Erebor Bank for a national banking license, making it the first newly chartered bank approved during Trump’s second term. Founded by Palmer Luckey, the bank focuses on providing financial services to tech startups and high-net-worth individuals, with an initial capital of approximately $635 million. It aims to fill the market gap left by the collapse of Silicon Valley Bank. Erebor’s investors include institutions like a16z and Founders Fund, and it plans to leverage blockchain technology to offer 24/7 settlement services, targeting defense, industrial, and frontier tech companies. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56348