Robinhood’s RVI fund takes $30 million stake in crypto-friendly Erebor Bank
Photo: Crypto Briefing
Robinhood leverages its closed-end fund to back Erebor's pioneering efforts in revolutionizing financial services. Robinhood Ventures Fund I has purchased $30 million of preferred stock in Erebor Bank, a nationally chartered US lender, according to an Oct. 21 announcement . Sarah Pinto, president of Robinhood Ventures Fund I, said the banking industry was ready for innovation and that Erebor could become an important financial infrastructure provider for America’s innovation economy. Founded in 2025, Erebor counts Palmer Luckey, Owen Rapaport, Jacob Hirshman, Aaron Pelz and Trevor Capozza among its founders.
Source: Crypto Briefing
