Crypto Bank Anchorage Digital Eyeing $400M Raise and IPO

Institutional crypto platform Anchorage Digital is seeking to increase a whole lot of thousands and thousands of {dollars} of contemporary capital because it eyes a possible Preliminary Public Providing.

The increase can be within the $200 million to $400 million vary, whereas a doable IPO is slated for someday subsequent yr, in response to a Bloomberg report on Friday, citing folks acquainted with the matter who requested to stay nameless.

Anchorage’s affiliate, Anchorage Digital Financial institution Nationwide Affiliation, grew to become the primary federally chartered crypto financial institution in 2021 and is now well-positioned to guide stablecoin issuance and associated companies following the passage of the GENIUS Act in July.

Anchorage CEO Nathan McCauley stated in September that he deliberate to double the corporate’s stablecoin workforce over the subsequent yr to accommodate the anticipated increase in digital {dollars}.

“2025 was our yr of scale. We made a collection of acquisitions, inked main partnerships, and launched new enterprise traces like stablecoin issuance to solidify our lead in institutional crypto,” an Anchorage spokesperson advised Bloomberg.

A type of partnerships included Tether, the issuer behind the most important stablecoin, USDT, with the 2 firms asserting plans in September to launch a USAT token within the US.

Anchorage is increasing its crypto choices

Anchorage additionally supplies custody, buying and selling, and staking companies for banks, hedge funds, and enterprise capital corporations, performing as a regulated bridge for TradFi gamers to entry crypto.