Owen Rapaport

Co-founder and chief executive, Erebor Bank

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Last updated Nov 5, 2026

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SBI Holdings to invest $100M in digital bank Erebor

Money Moves

Running the bank's operations and blockchain settlement buildout

Erebor Bank opened in February 2026 with a national charter and a core banking system that settles payments on a blockchain, weekends included. By September it held more than $7 billion in deposits. Now Japan's SBI Holdings plans to invest $100 million in it.

Updated 6 hours ago