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Anduril CEO Palmer Luckey's new digital banking startup set to be valued at $2 billion, sources say

  • Palmer Luckey, founder of Anduril Industries and Oculus, is launching a new digital bank named Erebor for startups and cryptocurrency companies.
  • Erebor is set to raise at least $225 million at a $2 billion valuation, with backing from Founders Fund and 8VC.
  • The startup, inspired by JRR Tolkien's 'The Lord of the Rings,' plans to provide services like crypto-collateralized lending.
  • The involvement of backers who have supported President Trump comes as the Trump administration shows interest in the cryptocurrency industry.

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