Oculus VR founder and flip-flop evangelist, Palmer Luckey is part of a collective of tech billionaires who are founding a new crypto-focused U.S. bank called Erebor. This bank will focus on providing capital for technology start-ups, AI-ventures, defence and manufacturing industries, and cryptocurrency endeavours, as well as for individuals looking to invest in these spaces.
The Columbus, Ohio-based Erebor has applied for a national bank charter, and is pushing a digital-only model. It will be headed by co-CEOs Owen Rapaport and Jacob Hirshman, the latter of whom was a former adviser to stablecoin company Circle, as per Reuters.
