Palmer Luckey's Erebor becomes the first newly created bank to receive a national charter under the second Trump administration, launching with $635M in capital
Erebor founder Palmer Luckey was one of the tech industry's early Trump supporters and is known for his penchant for Hawaiian shirts
Wall Street Journal
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Discussion
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@mrgoldbro
Aidan Gold
on x
Palmer's new bank, Erebor, just got approved. This will be a digitally native bank for the innovation economy. I could see it mostly powered by AI and crypto. Going to be a top bank in the next decade.
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@a16zcrypto
@a16zcrypto
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We asked @PalmerLuckey about the origin story of @ereborbank. “ What we're trying to do is actually a lot more boring than many people think. Everyone's calling it Palmer Luckey's Crypto Bank. It's not so much a crypto bank as a bank that supports stablecoin deposits and [video]
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@stevenkelly49
Steven Kelly
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“Erebor says it will open for business on Sunday, unusual for a bank, but a nod to its plans to integrate blockchain-based services that allow for transactions to settle around the clock.”
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@jmj
Jeff Morris Jr
on x
Congrats @ereborbank & @PalmerLuckey on earning their national charter today. My favorite quote from the WSJ article: “You can think of us like a farmers' bank for tech. Most farmers' banks won't claim that they're the best bankers in the world, but they do understand farmers” [i…
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@lux_capital
@lux_capital
on x
The real bank for real people doing real things in the real world. Congrats to @PalmerLuckey and the @ereborbank team on receiving their national charter 🚀 [image]
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@xethalis
Greg Xethalis
on x
Proud to personally back Owen Rapaport and his team at @ereborbank. Getting the charter is a yuge deal. Getting my account next week!
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@palmerluckey
Palmer Luckey
on x
The real bank for real Americans doing real things! The cutting-edge business model is based on next-gen concepts like “don't let your client's money disappear”, “care at all about national security”, and most importantly, “the market sometimes goes down”.
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@thenewsham
Jack Newsham
on x
Erebor went from filing its application to launching a bank in eight months — faster than many foresaw, and almost as fast as the “less than 6 months” it targeted in a document that @julia_hornstein and I wrote about https://www.businessinsider.com/ ...
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@palmerluckey
Palmer Luckey
on x
If you are interested in learning more, I talked with @tbpn about Erebor last year while it was still in stealth. We are opening on a Sunday (a first for a US bank) to highlight our 24/7, 365 operation and service. https://x.com/...
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@uscomptroller
Comptroller Jonathan Gould
on x
Congratulations to the entire Erebor team! This is an exciting day for the banking system and reflects the OCC's commitment to a dynamic and diverse financial system that remains innovative and relevant over time.