Anchorage Digital looks to raise up to $400M ahead of potential 2027 IPO

Key Takeaways

• Anchorage Digital is eyeing a $200M–$400M capital raise.
• The firm is America’s first federally chartered crypto bank.

As it weighs launching into the US public market next year, Anchorage Digital is hoping to raise as much as $400 million that it will tap into its own $$10 billion investment in anchorage digital’s future-focused business model, Bloomberg reported Friday.

In the US, among crypto companies analysts see Anchorage as the next candidates for listing after Circle, Gemini and Bullish all of which went public last year, anchorage is the first crypto firm to obtain a federal banking charter.

Earlier this week, Anchorage’s leading custody rival BitGo filed its IPO plan with the SEC to discuss how much capital raise would be after talks about the money raised.

A rival custodian who has received conditional approval to become a federal charter is seeking up to $201 million at an estimated $1. 9 billion.

Hundreds of online assets are under Anchorage with services such as custody, trading and staking. Large investor investors such as Goldman Sachs, Andreessen Horowitz (a16z), KKR and GIC support it.

In a Series D funding round, the firm raised $350 million in late 2021 for its investment of more than $3 billion.

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