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**Palantir Chief to Invest in Palmer Lucky’s Crypto-Focused Bank**
In a significant development, Joe Lonsdale, the chief of Palantir Technologies, has made a notable investment in Erebor, a new crypto-focused bank founded by Anduril co-founder Palmer Luckey. The bank aims to cater to startups and companies operating in AI, crypto, and defense sectors.
According to reports, Lonsdale has confirmed his involvement with Erebor as an investor, labeling himself a “proud investor” in the project. This substantial investment is seen as a strong signal of growing institutional interest in bridging traditional finance with crypto infrastructure.
As a digital-only bank, Erebor will not engage in any physical branches or cash-based transactions. Instead, it will focus on providing financial services to early-stage tech companies and crypto ventures.
Source: www.coinspeaker.com
