# SBI Holdings Plans $100 Million Investment in Erebor Bank

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/46805
Published: 2026-11-02T19:16:21.000Z
Updated: 2026-11-02T19:16:21.000Z
Section: Business

> SBI Holdings USA would make the investment to strengthen the group’s U.S. business base and create opportunities for deeper cooperation with the bank.

SBI Holdings plans to invest $100 million in Erebor Bank through SBI Holdings USA, a move intended to strengthen the Japanese group’s U.S. business base and create opportunities for closer cooperation with the lender.

Erebor serves companies in artificial intelligence, defense, energy and other advanced industries. Erebor offers growth, asset-based and equipment financing, as well as banking services for funds. Its technology supports blockchain-based settlement and stablecoin deposits and withdrawals.

Founded by Anduril co-founder Palmer Luckey and Owen Rapaport, Erebor began operating in February 2026 after receiving a national bank charter from the Office of the Comptroller of the Currency (OCC) and deposit insurance from the Federal Deposit Insurance Corp. (FDIC). The bank’s deposits topped $7 billion in September 2026.

Robinhood Ventures Fund I also invested $30 million in Erebor preferred shares.