#加密支付 Erebor completes $350 million funding round with a $4.35 billion valuation. What’s worth noting behind this figure is the meaning of FDIC approval—obtaining a compliant banking license signifies that the on-chain capital inflow into the traditional financial system is further streamlined.

From an on-chain perspective, the key is to observe subsequent capital movements. After a large funding round, there are usually two types of capital flows: one is institutional lock-in of cold wallets (long-term strategy), and the other is active trading during the operational startup phase. The involvement of top-tier VCs like Lux Capital and Founders Fund indicates increasing market recognition for the "compliance + crypto payments" track.

However, caution is needed: while the enthusiasm for crypto bank funding remains high, the actual conversion rate (from funding to user base and trading volume) data is still not fully transparent. It is recommended to focus on tracking: the trading volume data after Erebor’s launch, the on-chain footprints of large deposits and withdrawals, and the competitive landscape with other crypto payment service providers. Funding is just a signal; on-chain data is the real validation.