SBI puts $100 million into Erebor, the Palmer Luckey-backed US digital bank

SBI Holdings will invest $100 million in Erebor Bank, the Ohio-based digital lender co-founded by Anduril’s Palmer Luckey. The deal gives SBI Holdings exposure to U.S. banking and round-the-clock blockchain settlement. Why is SBI Holdings investing in Erebor Bank? SBI Holdings confirmed that it will invest $100 million in Erebor Bank in a November 2...

Also reported by The Defiant.

Source: Cryptopolitan