Chartered by the OCC during Trump’s second term, Erebor Bank targets AI, defense, and digital assets with services including GPU financing, defense loans, and stablecoin operations.
Erebor Bank, backed by Peter Thiel’s Founders Fund, has received a U.S. national bank charter from the OCC, becoming the first such institution during Donald Trump’s second presidential term. The bank is focused on serving enterprise clients in sectors like artificial intelligence, defense technology, and digital assets. Its offerings include GPU financing, defense loans, and stablecoin operations, integrating traditional banking services with cutting-edge technology and cryptocurrency markets.