Anchorage Digital joined the Unicorn Club on December 14, 2021, after raising a $350 million Series D funding round led by KKR, valuing the company at $3 billion. Headquartered in San Francisco, United States, Anchorage Digital is a crypto platform for institutions, offering integrated financial services, custody, and infrastructure solutions. The company has raised $487 million to date and employs between 51 and 200 people (as of July 2024).
Keep reading to learn how Anchorage Digital became a key player in institutional digital asset infrastructure.
What Is Anchorage Digital and What Does It Do?
Founded in 2017, Anchorage Digital provides an institutional-grade digital asset platform that combines custody, trading, staking, and governance capabilities. The company enables financial institutions, asset managers, and corporations to securely access and manage crypto assets using an advanced security architecture built around hardware security modules (HSMs) and multi-party computation (MPC).
Anchorage’s platform features include quorum-based approvals, behavioral analytics, and on-chain governance participation. It also supports institutional staking, allowing clients to capture yields from proof-of-stake networks while maintaining full compliance and security standards.
The company’s solutions are designed to meet the rigorous regulatory and operational requirements of large enterprises. Anchorage Digital became the first federally chartered digital asset bank in the United States after receiving approval from the Office of the Comptroller of the Currency (OCC) in early 2021, solidifying its position as a trusted infrastructure provider in the crypto industry.
How Much Funding Has Anchorage Digital Raised?
- Series D
- Amount Raised: $350M
- Date: December 14, 2021
- Lead Investor: KKR
- Valuation: $3B
- Purpose: Accelerate growth of institutional crypto services, expand regulatory infrastructure, and strengthen its position as a leading digital asset custodian.
- Series C
- Amount Raised: $80M
- Date: February 2021
- Lead Investors: GIC, Andreessen Horowitz (a16z)
- Purpose: Expand banking and custody services following OCC approval.
- Series B
- Amount Raised: $40M
- Date: July 2020
- Lead Investors: Blockchain Capital, Visa, Andreessen Horowitz
- Purpose: Enhance platform security, expand staking features, and support institutional crypto trading.
- Series A
- Amount Raised: $17M
- Date: July 2019
- Lead Investors: Andreessen Horowitz, Polychain Capital
- Purpose: Develop Anchorage’s secure crypto custody platform and support integrations with institutional partners.
Total Funding Raised: $487M
Latest Funding Date: December 14, 2021
Latest Valuation: $3B
Employee Count: 51–200 (as of July 2024)
Key Investors
- KKR
- Details: Global investment firm specializing in private equity, credit, and real assets.
- Focus Areas: Financial technology, blockchain infrastructure, and digital banking.
- Andreessen Horowitz (a16z)
- Details: Silicon Valley venture capital firm with a strong focus on Web3 and crypto startups.
- Focus Areas: Blockchain infrastructure, DeFi, and next-generation financial services.
- GIC
- Details: The sovereign wealth fund of Singapore is investing globally in emerging technologies and fintech.
- Focus Areas: Financial innovation, fintech infrastructure, and digital assets.
- Visa
- Details: Global payments technology company and early investor in Anchorage’s crypto custody technology.
- Focus Areas: Payments, blockchain, and digital finance innovation.
Where Is Anchorage Digital’s Headquarters?
Anchorage Digital is headquartered in San Francisco, California (United States), with additional offices in Sioux Falls, South Dakota, and New York City. The company operates globally, serving institutional clients across North America, Europe, and Asia. Its compliance-driven approach and secure digital asset infrastructure make it a preferred partner for banks, asset managers, and fintechs integrating crypto into their operations.
What’s Next for Anchorage Digital?
Anchorage Digital aims to expand its footprint as a regulated digital asset bank, supporting the convergence of traditional finance and blockchain technology. The company is investing in scaling its custody and trading operations, enabling broader institutional access to crypto assets and stablecoins.
Future plans include launching advanced on-chain settlement tools, expanding staking and DeFi participation services, and integrating with tokenized asset platforms for regulated institutions. With its strong regulatory standing and trusted infrastructure, Anchorage Digital is well-positioned to drive the next wave of institutional crypto adoption.
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