Less than a year after raising an $80 million Series C round, Anchorage has raised a $350 million Series D round. The company has a valuation of more than $3 billion.
A custody solution for big institutions is offered by Anchorage. If you own a lot of token for a specific protocol, you can participate in protocol governance with the help of Anchorage.
One transaction has been commented on the most. In August, Visa acquired a coin. It was worth around $150,000 at the time. The transaction for Visa was handled by Anchorage.
KKR is leading the round, with many different investors also participating. Take a deep breath, and try to read this sentence out loud, because it's very confusing.
You might wonder why a group of investors want to invest in Alaska. The federal banking charter gave Anchorage the power to turn it into a digital asset bank. It distinguishes Anchorage from other products.
The company plans to improve its product with today's funding round. Customers can expect more integrations with DeFi products.
As a pioneer in enabling institutional investors to access digital assets, Anchorage has built a best in class, institutional grade digital asset platform that combines the best practices of both modern security and usability. Ben Pederson, KKR's Technology Growth Equity senior leader, said in a statement that they are thrilled to lead the Series D round and work with Diogo, Nathan and their talented team as they continue to support the institutional adoption of digital assets through their differentiated, regulated and integrated suite of
Over the past year, the number of clients has increased by a large amount. The company's headcount increased by 175% compared to the same period last year.
If other companies want to compete in the same space, Anchorage has a good barrier to entry. Companies will increasingly look for trustworthy partners to interact with the crypto community. Some of them will work with Anchorage.
I own a small amount of cryptocurrencies.
The rich find security.
