Anchorage Digital, IPO in motion... Aiming to raise up to $400 million

Source: HanKyungBlockchain Original Title: Anchorage Digital, IPO Launch… Aiming to Raise Up to $400 Million

Original Link: https://www.hankyung.com/article/202601176344B

Anchorage Digital(, the first federally licensed virtual asset bank in the United States, is planning an IPO).

Anchorage Digital is working towards an IPO next year, aiming to raise between $200 million and $400 million.

This funding round is a major raise after more than four years since the Series D investment of $350 million led by investment firm KKR at the end of 2021. At that time, Anchorage was valued at over $3 billion by major global players including Goldman Sachs, GIC(, and Apollo.

Sources say, “The specific valuation process is still underway,” and “Despite the recent decline in Bitcoin prices from October highs, the enthusiasm for listing among virtual asset companies aiming to enter the regulated market remains strong.”

Anchorage’s confidence stems from the ‘Genius Act,’ passed by the U.S. Congress in July last year and signed by President Trump. This law allows banks to issue stablecoins, providing a boost to Anchorage, which holds a federal license.

In fact, immediately after the bill’s passage in September, Anchorage announced the establishment of a joint venture) ‘Tether America(’ with Tether), the world’s largest stablecoin issuer, and plans to launch a compliant US regulated stablecoin( ‘USAT.’

Nathan McCully, CEO) of Anchorage, said in a September interview, “To respond to the new legislation and the digital dollar boom, we will double our dedicated stablecoin team by next year,” signaling aggressive expansion.