SBI plans to invest US$100 million in the United States-based digital bank Erebor

SBI Holdings, a Japanese financial group, plans to invest $100 million in U.S.-based digital bank Erebor. Headquartered in the United States, Erebor has implemented blockchain-based settlement capabilities outside of regular banking hours—enabling on-chain fund clearing even when traditional banks are closed. According to SBI’s announcement, Erebor’s deposit base exceeded $7 billion as of September.