SBI Holdings invests $100M in Erebor Bank blockchain push
4.1 Banking SBI Holdings invests $100M in Erebor Bank, a US digital bank using blockchain for 24/7 settlements and stablecoin support, expanding its US presence and exploring further cooperation.
SBI Holdings has announced a $100 million investment in Erebor Bank, a US-based digital bank headquartered in Columbus, Ohio. The investment, made via SBI Holdings USA, aims to expand the group’s presence in the US banking sector and explore blockchain-based settlement and stablecoin solutions within regulated banking environments. Erebor Bank began operations in February 2026 after securing a national bank charter and FDIC insurance, and quickly surpassed $7 billion in deposits by September 2026. The bank operates a proprietary core banking system that enables 24/7 transaction settlements using blockchain technology, supporting both stablecoin deposits and withdrawals. Erebor focuses on serving industries such as defense, artificial intelligence, energy, robotics, and advanced manufacturing. SBI Holdings indicated that this investment could lead to closer cooperation with Erebor, aligning with its broader stablecoin strategy, including the issuance of the yen-backed JPYSC. This move highlights the growing interest of traditional financial institutions in digital banking and blockchain technology.
