Wu has learned that SBI Holdings announced on November 2nd that it will invest $100 million in digital bank Erebor Bank through its US subsidiary. Founded in 2025 by Anduril Industries co-founder Palmer Luckey and others, Erebor holds a banking license from the Office of the Comptroller of the Currency (OCC), and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The bank primarily serves companies in the defense, artificial intelligence, energy, robotics, and advanced manufacturing sectors, providing corporate finance, asset-backed loans, equipment financing, and banking services to investment funds. Its self-developed core banking system supports 24/7 blockchain-based settlement and stablecoin deposits and withdrawals. As of September 2026, Erebor's deposit balance exceeded $7 billion. SBI stated that this investment aims to strengthen its US business base and explore possibilities for further cooperation. https://wublock123.com/news/sbi-holdings-invests-100m-in-us-digital-bank-erebor-71194