Anchorage Digital Seeks $400M Pre-IPO Funding

Anchorage Digital Plans to Raise Up to $400 Million

• Anchorage Digital is seeking a capital raise between $200 million and $400 million.
• The company is the first federally chartered crypto bank in the United States.
• Plans for this funding come as Anchorage considers entering the US public market next year.
• An IPO filing by BitGo, Anchorage’s main custody competitor, was submitted to the SEC recently, targeting up to $201 million.
• Anchorage offers services such as custody, trading, and staking for numerous digital assets.
• The firm is backed by major investors including Goldman Sachs, Andreessen Horowitz (a16z), KKR, GIC, and Visa.

Anchorage Digital aims to secure up to $400 million in funding as it considers a potential public market debut. The firm stands out as America’s first federally chartered crypto bank and competes with BitGo, which recently filed its IPO plans.