Erebor Bank, a crypto‑friendly financial startup backed by tech investors including Palmer Luckey and Joe Lonsdale, has become the first new national bank chartered in the US during President Trump’s second term, the Wall Street Journal reported. The Office of the Comptroller of the Currency (OCC) approved the charter less than eight months after application, allowing Erebor to operate nationwide. The bank aims to serve technology firms in crypto, artificial intelligence, defense, and manufacturing, helping fill funding gaps left after Silicon Valley Bank’s collapse. It has also secured FDIC deposit insurance and plans to offer traditional banking alongside services tailored to emerging industries. Story Ends HereTrust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners. Back to top button