Institutional crypto platform Anchorage Digital is reportedly seeking to raise hundreds of millions of dollars in fresh capital, with a potential Initial Public Offering (IPO) on the horizon. The fundraising round is expected to be in the range of $200 million to $400 million, and the company is aiming for a public listing sometime next year. This information comes from a Bloomberg report on Friday, which cited anonymous sources familiar with the matter.
Anchorage’s affiliate, Anchorage Digital Bank National Association, achieved a significant milestone in 2021 by becoming the first federally chartered crypto bank. Following the passage of the GENIUS Act in July, the institution is now strategically positioned to take a leading role in stablecoin issuance and related services.
In September, Anchorage CEO Nathan McCauley announced plans to double the company’s stablecoin team over the coming year. This expansion is intended to accommodate the anticipated surge in demand for digital dollar services.
An Anchorage spokesperson elaborated on the company's strategic direction to Bloomberg, stating, "2025 was our year of scale. We made a series of acquisitions, inked major partnerships, and launched new business lines like stablecoin issuance to solidify our lead in institutional crypto."
Among its key partnerships is one with Tether, the issuer of the widely used USDT stablecoin. The two companies announced in September their intention to launch a USAT token in the United States.
Anchorage Expands Its Crypto Offerings
Anchorage provides a comprehensive suite of services for institutional clients, including custody, trading, and staking solutions. These services are designed for banks, hedge funds, and venture capital firms, acting as a regulated gateway for traditional finance players to engage with the cryptocurrency market.
The company further broadened its financial services portfolio in December. This included expanding its wealth management arm through the acquisition of Securitize For Advisors and enhancing token lifecycle management by integrating Hedgey.
Anchorage previously secured $350 million in funding in late 2021. This funding round was led by KKR & Co. and saw participation from prominent investors such as Goldman Sachs, GIC, and Apollo credit funds. At the time of that funding round, Anchorage’s valuation was reported to be over $3 billion.
Other Crypto Leaders Eyeing IPOs in 2026
Anchorage is not the only major player in the crypto space looking towards a public offering. BitGo, a competitor in the crypto custody sector, filed its S-1 IPO paperwork with the intention to list on the New York Stock Exchange in September. Additionally, the crypto trading platform Kraken filed an S-1 in November and is also exploring a public listing in early 2026.