Silicon Valley Bank SVB reborn? Financial Times: Peter Thiel is building a digital bank "Erebor" aimed at encryption technology startups.

After the collapse of Silicon Valley banks, the start-up and crypto industry has long lacked exclusive banking services. According to the Financial Times, super-rich people such as legendary Silicon Valley investor Peter Thiel are organizing an all-digital bank called Erebor, which plans to obtain a national banking license to serve startups and cryptocurrency companies, in order to fill the huge capital vacuum left by the collapse of SVB. (Summary: Traditional banks enter the blockchain, Deutsche Bank launches crypto asset custody in 2026, targeting corporate and institutional investors) (Background supplement: Germany's largest banking group Sparkassen will open bitcoin trading: 50 million people will be able to buy cryptocurrencies online next summer) According to the Financial Times, legendary Silicon Valley investor Peter Thiel and Anduril founder Palmer Luckey and 8VC co-founder Joe Lonsdale's super-rich is planning to form an all-digital bank called Erebor, which plans to obtain a national banking license to serve startups and cryptocurrency companies to fill the huge funding vacuum left by the collapse of Silicon Valley Bank (SVB) in March 2023. Erebor's positioning SVB was once the main correspondent bank for half of the US venture capital to support new startups. At the time of the collapse of SVB, a large number of company funds were frozen, resulting in salary delays and cash flow shortages. Statistics show that the average number of days of operating cash for new startups affected plummeted from 43 days to 18 days. During the "financial gap" after the collapse of SVB, most start-ups still could not find a dedicated bank and continued to face liquidity pressure. Erebor is expected to be headquartered in Columbus, Ohio, with a main office in New York. Currently, Erebor has filed a federal-level license application to operate across states and be uniformly regulated. The founders emphasize "compliance first": allowing balance sheets to hold USD stablecoins, providing "the fastest and most compliant stablecoin clearing", and publishing Merkle Tree verification statements in real time. Notably, Erebar's staminated stablecoin settlement is expected to reduce the cost of cross-border transfers by 70%, shorten the turnaround time for venture capital financing from an average of 5 days to hours, and inject much-needed funds into AI, cryptocurrency, defense and manufacturing startups. The venture capital community also sees this as a key tool to restore channel liquidity and reduce fundraising costs. Regulatory and Market Risk Although the Trump administration has recently sent "innovation-friendly" signals, and the US National Economic Conference (NEC) also supports regulated stablecoins, Erebor still needs to face challenges such as interest rate trends, scrutiny from traditional regulators, and transparency of stablecoin reserves. Whether Erebor can stand in the tripartite tug-of-war between regulation, demand and technology will determine whether it can become the future funding base for new startups, so let's keep an eye on it. Related reports Circle applies for US trust bank license: self-custody USDC, a key step into federal regulation Standard Chartered Bank report: Bitcoin rushed to $135,000 in Q3, ETF reserve boom took the lead, beware of high leverage fluctuations Animoca Brands, Standard Chartered Bank, HKT Telecom joined hands to prepare for the issuance of Hong Kong dollar stablecoins, aiming at cross-border payments "Silicon Valley Bank SVB Reborn? Financial Times: Peter Thiel Prepares to Build Digital Bank "Erebor", Aiming at Crypto Technology Startups" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".