BlockBeats message: On August 11, according to the UK’s Financial Times, crypto-friendly bank Erebor Bank, co-founded by Palmer Luckey and Joe Lonsdale, is seeking $1.5 billion in funding, which is expected to be completed within weeks. The pre-money valuation target is $8 billion, and institutions such as a16z have been listed as potential investors.
The project’s main business is providing crypto-friendly banking services. Erebor Bank completed a $350 million funding round in December 2025, when its valuation was $435 million.
The project’s main business is providing crypto-friendly banking services. Erebor Bank completed a $350 million funding round in December 2025, when its valuation was $435 million.