A group of tech heavyweights have joined PayPal’s co-founder Peter Thiel in building Erebor – a new federally chartered bank designed to serve crypto, AI, and defense startups.
While many traditional banks remain wary of crypto, Erebor’s formation signals growing institutional confidence in digital assets.
Not only is Erebor backed by Thiel, but also Anduril’s Palmer Luckey, Palantir’s Joe Lonsdale, and Thiel’s Founder Fund.
If you need to know anything in tech and crypto, it’s these three names.
The new bank aims to serve a variety of cryptocurrency firms, much like Silicon Valley Bank did before its implosion in 2023.
Erebor positions itself at the heart of the next financial wave, and crypto is the next frontier, as the bank plans to hold stablecoins on its balance sheet.
In fact, the bank will be led by Jacob Hirshman, a former adviser to the $USDC stablecoin issuer Circle, and Owen Rapaport, the co-founder of Argus, a compliance software firm.
Having a seasoned Circle insider at the helm means Erebor gains direct insight into crypto-native finance and regulatory compliance.
Meanwhile, expertise from Argus will bring a strong foundation in financial risk management and institutional-grade compliance tools.
Built on the Solana Virtual Machine (SVM), the Layer 2 network will operate as a secondary layer alongside Bitcoin’s mainnet, allowing for fast, low-cost, and programmable transactions.
Such an approach is similar to the success of Solaxy, a pioneering Layer 2 solution for Solana that raised over $58M on presale.
Priced at just $0.012125, Bitcoin Hyper’s native token – $HYPER – offers early investors the chance to explore the L2 once it officially launches in Q3 2025.
For extra income, you can also currently stake $HYPER at a hefty 418%. This percentage is likely to decrease as more investors join the reward pool, so there’s really no better time to join the presale.
In fact, it goes so far as to say that it has ‘one-upped’ the SPX6900 by adding an additional ERC-20 token to its fixed supply.
What makes $T6900 stand out is its identity as the first ‘Non-Corrupt Token’ (NCT). It gives itself this name tag because it promises no inflation, no hidden fees, or no backdoor mechanics: just a fixed supply and a strong community.
Since launching just days ago, it has already attracted over $191K on presale, even though one token currently costs just $0.006425.
The presale will end once $T6900 hits $0.007125, so now’s a great time to buy the coin for 11% less.
This surge follows growing interest in real-world asset (RWA) tokens, as Parcl offers a novel way to trade real estate markets on-chain.
Built on Solana, the platform lets you speculate on real estate markets by trading digital assets that track the average price per foot in major cities (like Miami, New York, and Los Angeles).
Instead of buying physical property, you can go long or short on these price trends, similar to how you’d trade commodities or stocks.
Each city has a ‘Deal,’ a synthetic asset whose value moves with real-world real estate data. By updating the data daily through oracles provided by Parcl Labs and Pyth Network, you gain fast, liquid exposure to real estate markets.
And all with no need for mortgages, tenants, or down payments.
The emergence of Erebor signals a pivotal shift in how crypto-native institutions are being built with regulation compliance and innovation in mind.
For crypto investors, it likely presents an opportune time to reap significant gains as digital assets continue to attract significant mainstream attention.
Still, crypto isn’t without its risks. So always DYOR and invest cautiously.
