# Robinhood Invests $30m in Erebor Bank

> Robinhood's fund buys $30m stake in new U.S. bank with $7bn deposits.
- Title: Robinhood Invests $30m in Erebor Bank · TokenPost | Shortify
- Summary: Robinhood's fund buys $30m stake in new U.S. bank with $7bn deposits. Robinhood Ventures Fund I invested $30 million in Erebor Bank preferred shares, taking…
- Keywords: robinhood, erebor bank, preferred shares, us bank, deposits, federal national bank charter, crypto, finance, Invests, 30m, Erebor, Bank
- Source: TokenPost — https://tokenpost.com/news/business/37119
- Published: 2026-10-21T22:44:11+00:00
- Read time: 1 min
- Topics: robinhood, erebor bank, preferred shares, us bank, deposits, federal national bank charter, crypto, finance
## Investment Details
Robinhood Ventures Fund I invested $30 million in Erebor Bank preferred shares, taking a stake in a newly chartered U.S. bank whose deposits have grown above $7 billion.
## Deposit Growth
Erebor’s deposits exceeded $7 billion, compared with $4.06 billion at June 30 and $1.10 billion at March 31.
## Bank Charter and Structure
Erebor received its federal national bank charter on Feb. 6, with approved business plan covering technology, payment systems, investment, defense, and virtual currency market participants.
## Key takeaway

Robinhood Ventures Fund I invested $30 million in Erebor Bank preferred shares, taking a stake in a U.S. bank with deposits exceeding $7 billion.