Anchorage Digital Targets $200M–$400M Fundraising Ahead of IPO

• Anchorage aims to raise $200M–$400M ahead of a potential 2027 IPO.
• It plans to launch the USAT token for the U.S. market in partnership with Tether.
• Through acquisitions and partnership the company intends to strengthen its position in the institutional crypto sector.

Anchorage Digital is planning to raise between $200 million and $400 million as it prepares for a possible Initial Public Offering (IPO) next year, according to Bloomberg. The fundraising would be used to support the company’s growth and expansion prior to offering shares publicly.

Anchorage, based in New York, provides custody and security services for digital assets, including Bitcoin and other cryptocurrencies. Its subsidiary, Anchorage Digital Bank National Association, became the first federally chartered crypto bank in the United States in 2021, granting the firm formal regulatory recognitio…

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