Japan
CoinPost
SBI to Invest $100 Million in US-Based Erebor Bank, Supporting Stablecoin Deposits and Withdrawals
- Erebor Bank serves clients in defense, AI, energy, robotics, and advanced manufacturing, offering growth financing, asset-based lending, equipment financing, and banking services for investment funds.
- Erebor's proprietary core banking system supports blockchain-based settlement around the clock, including weekends and after hours, and accepts stablecoin deposits and withdrawals while connecting to major payment networks.
- SBI already provides the trust-type yen stablecoin JPYSC (developed with Startale Group and issued by SBI Shinsei Trust Bank) and handles USDC and RLUSD domestically, and holds investments and partnerships with Ripple and Circle in the US.