Anchorage Digital Gears Up for IPO With $400M Fundraise
Anchorage Digital is making ready a serious capital elevate because it positions itself for a possible public itemizing, signaling renewed momentum for crypto corporations seeking to faucet public markets.
Key Takeaways:
- Anchorage Digital is in search of $200 million to $400 million in funding because it prepares for a possible IPO subsequent yr.
- Its federally chartered crypto financial institution standing positions the agency to learn from new U.S. stablecoin and digital asset guidelines.
- Anchorage is increasing stablecoin, custody and wealth administration companies as institutional demand grows.
The firm is in search of between $200 million and $400 million in recent funding, with an preliminary public providing into account for someday subsequent yr, based on a Bloomberg report citing people familiar with the matter.
Anchorage’s Federal Bank Charter Gives It an Edge
Anchorage’s rising ambitions are tied intently to its regulatory standing. Its affiliate, Anchorage Digital Bank National Association, turned the primary federally chartered crypto financial institution within the United States in 2021.
That standing has more and more set Anchorage other than rivals, significantly as Washington strikes to formalize guidelines round stablecoins and digital asset infrastructure.
Following the passage of the GENIUS Act in July, Anchorage is positioning itself to play a central position in stablecoin issuance and associated companies.
Chief govt Nathan McCauley stated in September that the agency plans to double the scale of its stablecoin workforce over the following yr, anticipating a surge in demand for dollar-backed digital tokens from banks, fintech corporations and international establishments.
“2025 was our yr of scale,” an Anchorage spokesperson instructed Bloomberg, pointing to a collection of acquisitions, new partnerships and the launch of stablecoin issuance as key milestones.
One of probably the most notable partnerships entails Tether, with the 2 corporations saying plans final yr to launch a U.S.-focused stablecoin generally known as USAT.
Beyond stablecoins, Anchorage has constructed a broad suite of companies aimed toward institutional shoppers, together with custody, buying and selling and staking for banks, hedge funds and enterprise capital corporations.
The firm has additionally expanded into wealth administration, buying Securitize for Advisors and integrating token lifecycle administration by way of Hedgey to deepen its attain throughout tokenized property.
Anchorage is just not new to massive funding rounds. In late 2021, the agency raised $350 million in a spherical led by KKR & Co, with participation from Goldman Sachs, GIC and Apollo credit score funds, valuing the corporate at greater than $3 billion on the time.
Crypto Firms Line Up for IPOs as Anchorage Prepares Public Debut
Anchorage’s IPO ambitions come as different main crypto corporations additionally line up for public listings.
Custody rival BitGo filed confidential IPO paperwork final yr, whereas crypto alternate Kraken submitted its personal submitting in November and is concentrating on a debut in early 2026.
Bitpanda can also be lining up for a Frankfurt stock market debut within the first half of 2026, placing one among Europe’s largest retail crypto platforms on a path from bull market beneficiary to public market take a look at.
Last yr, tZero Group, a New York–based mostly blockchain infrastructure agency targeted on tokenized securities and real-world property, announced that it is preparing to go public in 2026.
Before that, BitGo formally filed for an initial public offering, changing into the primary devoted crypto custodian to pursue a list on a US inventory alternate.
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