Crypto bank Anchorage Digital is reportedly exploring a substantial new capital raise ahead of a potential initial public offering (IPO), according to Bloomberg.
The federally chartered digital asset bank is in discussions to secure approximately $200 million to $400 million in fresh funding as part of its pre-IPO strategy. Final terms and valuation details are still being negotiated and have not yet been finalized.
Market Context and Preparations for Public Listing
Anchorage's move comes at a time when several major players in the crypto infrastructure space are eyeing public listings. While the company has not officially filed paperwork for an IPO, the planned capital raise is widely seen as a preparatory step toward floating shares on public markets, potentially in 2026 or later.
Industry watchers view this strategy as part of Anchorage’s broader efforts to solidify its position as a leading regulated crypto financial institution.
Past Funding and Institutional Backing
The firm already has a notable history of institutional backing. In late 2021, Anchorage Digital closed a $350 million Series D funding round led by global investment firm KKR & Co. Prominent investors such as Goldman Sachs, GIC, and Apollo credit funds also participated in that funding round, which valued the company at more than $3 billion.
Anchorage Digital's Services and Market Position
As the first federally chartered digital-asset bank in the United States, Anchorage offers a suite of services including cryptocurrency custody, trading, staking, and institutional treasury solutions. Its charter and regulatory compliance have positioned it as a bridge between traditional finance and the digital asset ecosystem, attracting interest from institutional clients and strategic partners.
Expansion and Future Outlook
In recent years, Anchorage has expanded its business through acquisitions and partnerships. These efforts include venturing into the stablecoin market and enhancing its wealth management offerings. These moves are part of its push to build scale ahead of a possible public listing, which could make Anchorage one of the first major regulated crypto banks to go public.