SBI Plans to Invest $100 Million in US Digital Bank Erebor

On November 3, according to an announcement by SBI Holdings, SBI Holdings plans to invest $100 million into digital bank Erebor Bank through its US subsidiary, SBI Holdings USA. Erebor supports stablecoin deposits and withdrawals, and SBI will explore broader collaboration with it.

Erebor began operations in February 2026, with deposits exceeding $7 billion as of September; its proprietary banking system supports blockchain settlement outside weekends and regular banking hours. The bank also offers growth capital, asset-backed loans, and equipment financing.