--- title: "Peter Thiel's invested crypto bank, Erebor, has received an OCC license and is now officially operational." type: "News" locale: "en" url: "https://longbridge.com/en/news/275325004.md" description: "Erebor Bank, a cryptocurrency-focused financial institution backed by Peter Thiel, has officially opened as the first nationally chartered bank licensed during Trump's second term. Chartered by the OCC, Erebor targets businesses with a focus on AI, defense technology, and digital assets. It aims to provide financing for AI data centers and defense startups, and will operate a fiat-to-stablecoin exchange system. Erebor seeks to fill the gap left by the collapse of Silicon Valley Bank, which previously supported early-stage tech companies." datetime: "2026-02-09T13:24:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275325004.md) - [en](https://longbridge.com/en/news/275325004.md) - [zh-HK](https://longbridge.com/zh-HK/news/275325004.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275325004.md) | [繁體中文](https://longbridge.com/zh-HK/news/275325004.md) # Peter Thiel's invested crypto bank, Erebor, has received an OCC license and is now officially operational. Erebor Bank, a cryptocurrency-focused financial institution, officially opened today as the first nationally chartered financial institution to receive a national banking license during the second term of the Trump administration. Chartered by the Office of the Comptroller of the Currency (OCC), Erebor Bank is specifically designed for the innovative economy, with artificial intelligence, defense technology, and digital assets as its three main focus areas. Erebor is an infrastructure bank targeting businesses (not individual consumers). They plan to provide financing for GPU equipment in AI data centers, contract-backed loans for defense technology startups, and operate a truly usable stablecoin business. Erebor will internally integrate a fiat-to-stablecoin exchange system, operating 24/7. The bank also aims to fill the void left by the collapse of Silicon Valley Bank in 2023, a crucial financing channel for early-stage tech companies and venture capital firms often avoided by traditional banks due to their perceived high risk. It's worth noting that Peter Thiel is a major investor/supporter of Erebor Bank. His Founders Fund invested in Erebor Bank and was one of its early and important backers. Erebor's founders, Palmer Luckey and Joe Lonsdale (co-founder of Palantir and founder of 8VC), are both long-term partners/allies of Thiel (Palantir itself is an important project of Thiel's). ### Related Stocks - [Grayscale Ethereum Staking ETF (ETHE.US)](https://longbridge.com/en/quote/ETHE.US.md) - [Grayscale Bitcoin Trust ETF (GBTC.US)](https://longbridge.com/en/quote/GBTC.US.md) - [Bitfarms Ltd. (BITF.US)](https://longbridge.com/en/quote/BITF.US.md) - [American Bitcoin Corp. (ABTC.US)](https://longbridge.com/en/quote/ABTC.US.md) - [Riot Platforms, Inc. (RIOT.US)](https://longbridge.com/en/quote/RIOT.US.md) - [Bit Digital, Inc. (BTBT.US)](https://longbridge.com/en/quote/BTBT.US.md) - [Coinbase Global, Inc. (COIN.US)](https://longbridge.com/en/quote/COIN.US.md) - [Circle (CRCL.US)](https://longbridge.com/en/quote/CRCL.US.md) - [Bakkt, Inc. 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