Fundraising targets up to 400 million dollars
Institutional crypto platform Anchorage Digital is preparing to raise a substantial round of fresh capital as it moves closer to a potential public listing. The company is reportedly seeking between 200 million dollars and 400 million dollars in new funding while also exploring an Initial Public Offering as early as next year.
According to a Bloomberg report citing people familiar with the discussions, the fundraising talks are still at an early stage. However the scale of the proposed raise underlines Anchorage’s ambition to position itself as a core infrastructure provider for institutional crypto markets in the United States.
First federally chartered crypto bank
Anchorage operates through its affiliate Anchorage Digital Bank National Association which became the first federally chartered crypto bank in the United States in 2021. This regulatory status has helped the firm attract traditional financial institutions that require compliant access to digital assets.
Following the passage of the GENIUS Act in July, Anchorage is now positioning itself to become a major player in stablecoin issuance and related services. The new regulatory framework has created clearer rules for digital dollar products which has encouraged regulated firms to expand aggressively in this space.
Stablecoin strategy for 2026
Chief executive officer Nathan McCauley said last September that Anchorage plans to double the size of its stablecoin team over the coming year. The expansion is aimed at supporting what the company expects to be a sharp increase in demand for regulated stablecoins.
A spokesperson for Anchorage told Bloomberg that 2025 marked a year of scale for the business. During this period the company completed several acquisitions formed major partnerships and launched new business lines including stablecoin issuance to strengthen its position in institutional crypto markets.
One of the most notable partnerships involved Tether the issuer of the USDT stablecoin. In September the two firms announced plans to launch a USAT token tailored for the United States market which would combine Anchorage’s regulatory standing with Tether’s experience in large scale stablecoin operations.
Broad institutional crypto services
Beyond stablecoins Anchorage offers a wide range of services including custody trading and staking for banks hedge funds and venture capital firms. The company positions itself as a regulated bridge that allows traditional finance institutions to access crypto markets without taking on unmanaged regulatory risk.
In December Anchorage expanded its wealth management capabilities through the acquisition of Securitize For Advisors. It also strengthened its token lifecycle management services by integrating Hedgey which supports vesting and token distribution tools for digital asset projects.
These moves reflect a broader strategy to offer end to end infrastructure for institutions that are either entering crypto markets for the first time or looking to scale their existing exposure.
Backing from major financial players and IPO momentum
Anchorage last raised significant funding in late 2021 when it secured 350 million dollars in a round led by KKR with participation from Goldman Sachs GIC and Apollo credit funds. At the time the company’s valuation was reported to be above 3 billion dollars.
Interest in public listings across the crypto sector is also picking up. Crypto custody rival BitGo filed S 1 IPO paperwork to list on the New York Stock Exchange in September while trading platform Kraken submitted its own S 1 filing in November and is targeting a public debut in early 2026.
If Anchorage proceeds with its planned raise and IPO it would join a growing list of crypto firms seeking to tap public markets as regulatory clarity improves and institutional adoption accelerates.
