/cryptocurrency

News and resources on digital currencies, crypto assets and crypto exchanges worldwide.

Crypto outfit Anchorage raises $80m

Hot on the heels of securing a national trust charter, digital asset outfit Anchorage has raised $80 million in a Series C funding round led by Singapore's sovereign wealth fund GIC.

  2 Be the first to comment

Crypto outfit Anchorage raises $80m

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The round was joined by a16z, Blockchain Capital, Lux, and Indico.

Since launching in 2017, Anchorage has signed up a host of big name institutional investors as clients, helping them to keep their crypto assets safe. The firm has also expanded into a range of products and services, from staking and governance, to financing and lending, to trading and DeFi.

With the new funding in place, Anchorage says it plans to roll out a host of new offerings in the coming months, including support for new protocols and emerging corporate use cases. It also wants to become a crypto partner to challenger and traditional banks and to make institutional DeFI participation accessible.

W Bradford Stephens, managing partner, Blockchain Capital, says: "Anchorage has gone through a brilliant metamorphosis—from a world-class custody solution, to the standard-bearer for crypto banking. In just a few short years, they’ve already been a powerful, catalytic force for institutional adoption, regulatory confidence, and overall maturation of the space."

Sponsored [Webinar] AI in Banking: Building Compliant and Safe Enterprise AI at Scale

Related Company

Comments: (0)

[Webinar] SaaS savvy: Preparing for embedded and data driven bank paymentsFinextra Promoted[Webinar] SaaS savvy: Preparing for embedded and data driven bank payments