X @Wu Blockchain

According to Bloomberg, Peter Thiel-backed banking startup Erebor Bank is raising about $350 million in a funding round that would value the firm at roughly $4.35 billion. People familiar with the matter said the round is led by Lux Capital, with existing investor 8VC also participating. Erebor Bank focuses on crypto- and technology-oriented clients, seeking to fill part of the gap left by the 2023 collapse of Silicon Valley Bank while expanding its client base in the defense and aerospace sectors. https:// ...