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Hania Humayun

Erebor Bank secures first new US national bank charter for a crypto-focused fintech under Trump

On February 7, 2026, Erebor Bank received final approval from US federal banking regulators to operate nationwide as a national bank, after filing its application less than eight months earlier. The crypto-supportive institution, backed by about $635 million and valued at up to $4 billion in recent funding rounds, aims to serve high‑tech and digital asset sectors while integrating blockchain-based payments and collateralized crypto lending.
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