Crypto Bank Anchorage Digital Seeks $200-400 Million in Funding Ahead of IPO

Odaily News: Crypto bank Anchorage Digital is seeking to raise $200 to $400 million in new funding to prepare for a potential initial public offering. The company plans to go public in 2026. As the first crypto bank to receive a federal charter in 2021, Anchorage Digital aims to become a leading stablecoin issuer following the passage of the GENIUS Act in July 2025.

Anchorage Digital CEO Nathan McCauley stated plans to double the size of the stablecoin team within the next year. A company spokesperson noted that 2025 was a year of scaling, solidifying its leadership in the institutional crypto space through a series of acquisitions and partnerships, including plans with Tether to launch the USAT token in the United States. Additionally, Anchorage Digital offers custody, trading, and staking services, and expanded its business in December 2025 through the acquisition of Securitize For Advisors and integration with Hedgey. The company completed a $350 million funding round led by KKR & Co at the end of 2021, valuing it at over $3 billion at the time. (Cointelegraph)