- Anchorage Digital is seeking $200 million to $400 million in fresh capital ahead of a possible IPO next year.
- The company’s federally chartered banking arm is positioned to expand stablecoin issuance after the GENIUS Act passed in July.
- Anchorage has deepened stablecoin efforts and formed a USAT partnership with Tether.
- Anchorage offers custody, trading, and staking services and has made recent acquisitions to boost wealth and token services.
- The firm raised $350 million in late 2021 and was valued at over $3 billion at that time; custody peers BitGo and Kraken have also filed for IPOs.
Anchorage Digital is pursuing $200 million to $400 million in new funding and is considering an initial public offering sometime next year, according to a report. The company’s push for capital comes as it expands product lines and prepares for public markets.
The company’s affiliate, Anchorage Digital Bank National Association, became the first federally chartered crypto bank in 2021 and is positioned to lead stablecoin issuance after the GENIUS Act passed in July. That regulatory shift has opened new opportunities for token issuance and bank-led services.
Anchorage has increased stablecoin staffing plans; CEO Nathan McCauley said in September he planned to double the stablecoin team over the following year. The firm also announced a partnership with Tether to launch a USAT token in the U.S.
“2025 was our year of scale. We made a series of acquisitions, inked major partnerships, and launched new business lines like stablecoin issuance to solidify our lead in institutional crypto,” an Anchorage spokesperson said.
The company provides custody, trading, and staking services for banks, hedge funds, and venture capital firms, serving as a regulated bridge for traditional finance to access crypto. In December, it expanded wealth management by acquiring Securitize For Advisors and added token lifecycle tools by integrating Hedgey.
Anchorage previously secured $350 million in late 2021 in a round led by KKR & Co with participation from Goldman Sachs, GIC, and Apollo credit funds, and its valuation was marked at over $3 billion then. Meanwhile, custody competitors BitGo and trading platform Kraken have filed S‑1 paperwork and are eyeing public listings in the coming year.
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