Institutional crypto platform Anchorage Digital is seeking to increase lots of of hundreds of thousands of {dollars} of contemporary capital because it sees a possible Preliminary Public Providing.
The increase could be within the $200 million to $400 million vary, whereas a doable IPO is slated for someday subsequent 12 months, in accordance with Bloomberg report on Friday, citing folks acquainted with the matter who requested to stay nameless.
Anchorage’s affiliate, Anchorage Digital Financial institution Nationwide Affiliation, turned the primary federally chartered crypto financial institution in 2021 and is now well-positioned to steer stablecoin issuance and associated providers following the passage of the GENIUS Act in July.
Anchorage CEO Nathan McCauley said in September that he deliberate to double the corporate’s stablecoin staff over the subsequent 12 months to accommodate the anticipated growth in digital {dollars}.
“2025 was our 12 months of scale. We made a sequence of acquisitions, inked main partnerships, and launched new enterprise traces like stablecoin issuance to solidify our lead in institutional crypto,” an Anchorage spokesperson informed Bloomberg.
A type of partnerships included Tether, the issuer behind the most important stablecoin, USDT, with the 2 firms asserting plans in September to launch a USAT token within the US.
Anchorage is increasing its crypto choices
Anchorage additionally gives custody, buying and selling, and staking providers for banks, hedge funds, and enterprise capital corporations, performing as a regulated bridge for TradFi gamers to entry crypto.
In December, Anchorage additionally expanded its wealth administration arm by the acquisition of Securitize For Advisors and token lifecycle administration by integrating Hedgey.
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Anchorage secured $350 million in funding late 2021, led by KKR & Co, with participation from Goldman Sachs, GIC, and Apollo credit score funds.
Anchorage’s valuation was marked at over $3 billion on the time.
Different crypto leaders are taking a look at IPOs in 2026
In the meantime, one in all Anchorage’s crypto custody rivals, BitGo, filed S‑1 IPO paperwork to listing on the New York Inventory Change in September, whereas crypto buying and selling platform Kraken filed an S-1 in November and is eyeing a public itemizing in early 2026.
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