Crypto-friendly bank Erebor in talks to raise $1.5 billion at $9.5 billion valuation: FT
Total deposits grew from $1.1 billion in March to $4.6 billion by July, driven by clients in crypto, AI and defense.
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Summary
- Erebor Bank is negotiating a $1.5 billion funding round for a total valuation of $9.5 billion, according to the Financial Times.
- The capital infusion is designed to meet a mandatory 12% leverage ratio while it expands lending operations, including a $200 million facility for Valar Atomics.
- Total deposits grew from $1.1 billion in March to $4.6 billion by July, driven by clients in crypto, AI and defense.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
