Share this article
Crypto Custody Firm Anchorage Raises $350M Funding at $3B Valuation
The Series D funding round was led by global investment firm KKR and included Goldman Sachs, Alameda Research and Andreessen Horowitz.
By Ian Allison
Updated May 11, 2023, 5:49 p.m. Published Dec 15, 2021, 9:08 a.m.
Make us preferred on Google
Anchorage Digital has closed a $350 million funding round, valuing the cryptocurrency custody firm at over $3 billion.
The Series D funding round was led by global investment firm KKR and included Goldman Sachs, Alameda Research and Andreessen Horowitz among other big names.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Multibillion-dollar valuations are becoming the norm for crypto custody specialists like San Francisco-based Anchorage, which will manage digital assets for institutions looking to spice up their clients’ portfolios going forward. Take custody-tech providers like Fireblocks and U.K.-based Copper, both of whom recently closed funding rounds, for example.
CoinDesk reported in October that Anchorage was raising at a $2 billion-plus valuation.
“As more and more institutions look to add crypto services into their offerings, we find ourselves at an inflection point,” Anchorage co-founder Diogo Mónica said in a statement, “This funding positions Anchorage Digital to meet the unprecedented institutional demand for this rapidly evolving market.”
This will be KKR’s first direct equity investment in a digital asset company, through its Next Generation Technology Growth Fund II.
“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,” said Ben Pederson of KKR’s Technology Growth Equity Team in a statement.
Goldman Sachs is known for having a smart digital assets team, one of the leading banks in the space.
The bank’s backing is testament to Anchorage’s dynamic year, which has included receiving a U.S. federal banking charter from the Office of Comptroller of the Currency, as well as bagging an $80 million Series C round.
“We are certain Anchorage will be a crucial part of the digital asset infrastructure and we are excited to be an investor,” Goldman Sachs Head of North America Digital Assets Oli Harris said in a statement.
Больше для вас
To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing
As quantum computing inches closer to reality, nearly 7 million bitcoin, including Satoshi Nakamoto’s 1 million coins, are potentially at risk.
Что нужно знать:
- Quantum computers powerful enough to break Bitcoin's cryptography could expose roughly 7 million coins, including about 1 million attributed to Satoshi Nakamoto, worth an estimated $440 billion at current prices.
- The Bitcoin community is split between preserving strict neutrality and immutability—letting quantum attackers claim vulnerable coins—and intervening through protocol changes such as burning or migrating at-risk coins to quantum-resistant addresses.
- While some experts warn that recent research may accelerate the timeline for breaking current encryption, others argue the threat remains distant and can be addressed through engineering upgrades rather than drastic governance changes.
Top Stories
