Crypto-Friendly Bank Erebor Seeks $1.5 Billion at $9.5 Billion Valuation

Erebor is a crypto-friendly bank focused on digital-asset companies and other high-growth businesses that often face limited access to conventional banking services. A successful capital raise would signal renewed investor appetite for crypto-linked financial infrastructure while giving the lender a larger balance sheet to expand credit operations and compete for corporate clients beyond the digital-asset sector.

Erebor is in talks to raise $1.5 billion at a projected valuation of $9.5 billion, the Financial Times reported, nearly double its valuation earlier in 2026. The bank has also been expanding its lending business, including leading a $200 million credit facility for nuclear-energy startup Valar Atomics, underscoring its push into financing capital-intensive technology companies.