Peter Thiel’s Erebor Secures Key Banking Charter in US

Erebor, a financial services firm backed by billionaire Peter Thiel, has obtained regulatory approval to operate in the United States. This clearance, granted by the Office of the Comptroller of the Currency (OCC), marks a significant milestone for the company as one of the first to secure a banking charter focused on digital and innovation sectors. The OCC confirmed this decision, stating that permissible digital asset activities can be integrated into the federal banking system if conducted safely and securely.