Erebor Seeks $1.5 Billion Raise Amid Crypto Market Growth
Crypto-friendly bank Erebor is reportedly in talks to raise $1.5 billion at a valuation of $9.5 billion, according to the Financial Times.
The news comes as the cryptocurrency market continues to experience growth and increasing adoption by traditional financial institutions.
Erebor's plans to raise capital would mark a significant milestone for the bank, which has been building its crypto-friendly offerings in recent years.