Anchorage Digital is seeking to raise $200-400 million in funding ahead of next year's IPO

Bloomberg reported Thursday (January 17) citing people familiar with the matter that Anchorage Digital—the first federally chartered digital asset bank in the U.S.—is exploring a new funding round and weighing a potential public listing. One anonymous source noted Anchorage aims to raise $200 million to $400 million ahead of a potential initial public offering (IPO) next year, with valuation details still being finalized. Anchorage Digital Bank NA’s federal charter permits it to issue stablecoins in the U.S. under the GENIUS Act, which went into effect in July 2024. In September 2024, the firm announced plans to partner with Tether Holdings SA—headquartered in El Salvador and the world’s largest stablecoin issuer—to launch the USAT token for the U.S. market. At the end of 2021, Anchorage closed a $350 million funding round led by KKR, with participation from Goldman Sachs, Singapore’s government investment vehicle, and Apollo Credit Fund. That round valued the firm at over $30 billion.