Crypto Custody Firm Anchorage Raises $350M Funding at $3B Valuation

The Series D funding round was led by global investment firm KKR and included Goldman Sachs, Alameda Research and Andreessen Horowitz.

Anchorage Digital closed a $350 million funding round, valuing the cryptocurrency custodian at more than $3 billion. The Series D funding round was led by global investment firm KKR and included Goldman Sachs, Alameda Research and Andreessen Horowitz, among other big names.

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Multi-billion dollar valuations are becoming the norm for crypto custody professionals like San Francisco-based Anchorage, who will manage digital assets for organizations seeking to strengthen their clients’ portfolios in the future. For example, custody technology providers such as UK-based Firebox and Copper have both recently stopped funding rounds. Coin Desk reported in October that Anchorage was raising valuations to over $ 2 billion.

Diego Monica, co-founder of Anchorage, said in a statement: “As more and more organizations try to incorporate crypto services into their offerings, we find ourselves at the opposite point.” By Next Generation Technology Growth Fund II.

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As a leader in providing institutional investors with access to digital assets, Anchorage has created a best-in-class institutional digital asset platform that combines the best practices of modern security and usability. ” Goldman Sachs is renowned for its Intelligent Digital Assets team, one of the leading banks in the industry.

The bank’s support testifies to Anchorage’s dynamic year, which included receipt of a US Federal bank card from the Office of the Comptroller of the Currency, as well as an $80 million Series C round. “We are confident Anchorage will be an important part of the digital asset infrastructure and we are thrilled to have you as an investor,” said Ole Harris, Head of North America Digital Assets at Goldman Sachs.

 

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