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Crypto Bank Anchorage Digital Eyes $400M Raise With IPO In Sight

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Crypto Bank Anchorage Digital Eyes $400M Raise With IPO In Sight | 3verseTV
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Institutional crypto platform Anchorage Digital is looking to raise hundreds of millions of dollars of fresh capital as it eyes a potential Initial Public Offering.

The raise would be in the $200 million to $400 million range, while a possible IPO is slated for sometime next year, according to a Bloomberg report on Friday, citing people familiar with the matter who asked to remain anonymous.

Anchorage’s affiliate, Anchorage Digital Bank National Association, became the first federally chartered crypto bank in 2021 and is now well-positioned to lead stablecoin issuance and related services following the passage of the GENIUS Act in July.

Anchorage CEO Nathan McCauley said in September that he planned to double the company’s stablecoin team over the next year to accommodate the expected boom in digital dollars.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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