THELOGICALINDIAN - The accession gives Anchorage a 3 billion valuation
Anchorage Digital has aloft $350 actor in a allotment annular led by KKR.
Anchorage Closes Series D Funding Round
U.S.-based agenda assets close Anchorage Agenda has aloft $350 actor in a Series D allotment round.
The close aggregate capacity of the accession in a Wednesday blog post. It was led by advance aggregation KKR, while Goldman Sachs, Alameda Research, Andreessen Horowitz, Apollo, and others additionally participated. The accession gives the close a appraisal of over $3 billion and follows a GIC-led $80 actor Series C round, which took abode in February 2021.
Diogo Mónica, the President and co-founder of Anchorage Digital, said of the raise:
“As added and added institutions look to add crypto casework into their offerings, we acquisition ourselves at an articulation point. This allotment positions Anchorage Digital to accommodated the aberrant institutional appeal for this rapidly evolving market.”
Anchorage lets institutional players accretion crypto exposure. It offers a ambit of casework including custody, trading, and staking for crypto assets like Bitcoin and Ethereum.
Per the announcement, the close affairs to arrange the basic to aggrandize its solutions accouterment to all-around banking and fintech companies. The freshly-raised basic will additionally be acclimated to aggrandize its team.
In January 2021, Anchorage fabricated account back it became the aboriginal crypto close to accept a banking charter from the Office of the Comptroller. It additionally helped Visa acquire its CryptoPunk NFT in August.
Anchorage’s allotment account comes as all-inclusive sums of basic flood into the crypto space. Yesterday, NYDIG, addition crypto close targeting the institutional market, appear it had aloft $1 billion in a allotment annular led by WestCap. The close said it would use the funds to advance institutional-grade Bitcoin products.
Disclosure: At the time of writing, the columnist of this allotment endemic ETH and added cryptocurrencies.
