"Mirae Asset joins investment in U.S. digital bank Erebor…expands digital-asset strategy"
Summary
- Mirae Asset Financial Group said it is accelerating the expansion of its digital-asset business by investing in U.S. digital bank Erebor.
- Erebor said it raised about $350 million in funding, securing a $4.35 billion valuation.
- The investment was described as moving in step with Mirae Asset’s digital-asset strategy, including security token offerings (STO), real-world asset tokenization (RWA) and steps to acquire domestic crypto exchange Korbit.
Forecast Trend Report by Period
Mirae Asset Financial Group has been accelerating the expansion of its digital-asset business by investing in U.S. digital bank Erebor.
According to the industry on the 17th, Mirae Asset Capital and Mirae Asset Venture Investment reportedly participated last month as Erebor raised about $350 million in funding. The round valued Erebor at about $4.35 billion.
Erebor is a bank whose main clients are digital-asset and technology companies. The investment was led by global venture capital firm Lux Capital, with major investors including Andreessen Horowitz (a16z), Founders Fund and 8VC taking part.
The investment is seen as aligned with Mirae Asset’s digital-asset strategy. Mirae Asset is pushing to expand in areas such as security token offerings (STO) and real-world asset tokenization (RWA), and is also recently proceeding with steps to acquire domestic crypto exchange Korbit.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
