Crypto for Institutions

Anchorage offers an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service.

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Anchorage Digital Raises $350 Million Series D Funding Led by KKR

We are pleased to announce that Anchorage Digital has raised a $350 million Series D funding round. Led by global investment firm KKR, this round of financing values Anchorage at over $3 billion. Participants include Goldman Sachs, Alameda Research, Andreessen Horowitz, Apollo credit funds, Blockchain Capital, Delta Blockchain Fund, Elad Gil, GIC, GoldenTree Asset Management, Innovius Capital, Kraken, Lux Capital, Senator Investment Group, Standard Investments, Thoma Bravo, and Wellington Management. This new capital will accelerate our efforts to integrate digital assets into the global economy. Our focus at Anchorage has always been to make it safe and accessible for institutions to participate in the rapidly evolving digital asset space. We will use this new infusion of capital to: Enhance our ability to provide custom crypto infrastructure solutions for our global financial services and fintech clients. Accelerate Anchorage’s ability to enable institutions to navigate the latest trends in crypto and its quickly evolving financial landscape. Increase the size of our team across all lines of business to continue to expand our product offerings, support our current clients, and grow our client base. We will benefit greatly from the strategic partnership and global reach of KKR as our lead investor. KKR is making its investment in Anchorage through its Next Generation Technology Growth Fund II and we are pleased to be the firm’s first direct equity investment in a digital asset company. “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. We are thrilled to lead this 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 solutions.” —Ben Pederson, Senior Leader on KKR’s Technology Growth Equity Team When we first started Anchorage, we solved for custody with the most secure and safest platform for institutions on the market. Today, our suite of offerings has expanded to include prime brokerage services and custom API integrations for institutions interested in digital assets. We are at an inflection point as more and more institutions look to add crypto services into their offerings. This funding positions Anchorage to meet the unprecedented institutional demand for this rapidly changing market. “We are certain Anchorage will be a crucial part of the digital asset infrastructure and we are excited to be an investor.” —Oli Harris, Head of North America Digital Assets, Goldman Sachs “Anchorage Digital has emerged as a leader in digital asset infrastructure through its innovative technology and institutional approach to regulatory compliance. We believe Anchorage can play a pivotal role in reshaping modern finance as digital asset adoption grows. We look forward to supporting their growth through this fund investment and to exploring new ways to integrate with their platform solutions.” —Rob Bittencourt, Partner, Apollo We’d like to thank everyone in the wider Anchorage network — from clients and investors, to partners and regulators, to each and every member of our quickly growing team — for their role in making Anchorage what we are today. If you’d like to learn more about our offerings, please get in touch. If you’re interested in joining our team, please review our open positions. This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.

Anchorage, AngelList Partnership Enables Investors to Invest with USDC

AngelList users have existing exposure to sector-focused venture capital funds, like 6529 NFT Fund and Curated Fund. But through a new partnership with Anchorage Digital, AngelList users are now able to go beyond investing in the digital asset ecosystem, and actively participate in it, by using the USDC stablecoin to fund their special purpose vehicles (SPVs) and funds of choice via the Ethereum network. Both San Francisco-born companies have earned a reputation for bringing novel technologies and companies into the mainstream: As home to the first operational federally-chartered digital asset bank, Anchorage is the leading OCC-supervised on-ramp for traditional financial institutions to participate in the crypto economy. AngelList has supported investments into companies that have grown from fledgling startups to economic powerhouses reshaping their industries around the globe, from Robinhood to Uber. Additionally, both companies have partnered with Layer2 Financial, a Toronto-based Crypto Banking as a Service platform, to provide crypto-specific account subledgering and onboarding services. By allowing seamless USDC investment into startups, AngelList and Anchorage are bridging the gap between fiat currency and VC funding. This allows those interested in funding crypto innovation to deposit USDC easily. The fully automated, platform-wide rollout will allow all businesses–not just those that are crypto-native–to accept USDC as a funding option. In the fast-moving and hypercompetitive world of VC and tech startups, the efficiency created by blockchain-based transactions is likely to come as a welcome upgrade for forward-looking founders and funders alike.  “This partnership paves the way for a more effective, efficient, and transparent system of funding the world’s most promising new businesses–and there’s no better trailblazer than AngelList to take this giant leap forward for the industry." — Diogo Mónica, President and Co-Founder, Anchorage Digital “Anchorage and Layer2 infrastructure accelerated our implementation efforts to launch USDC alongside fiat as an investment option on the AngelList platform. We look forward to expanding the partnership across other use cases on the platform.” — Avlok Kohli, CEO, AngelList As part of the partnership, Anchorage is providing digital asset custody and execution services for AngelList. USDC trades sync with AngelList’s systems daily via API.  If you’re interested in learning more about our services, please get in touch. Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Custody, settlement, staking, and governance services are offered through Anchorage Digital Bank National Association (“Anchorage Digital Bank”). Digital asset trading services are provided by Anchorage Hold LLC (“Anchorage Hold”). Borrowing and lending services are offered through Anchorage Lending CA LLC, a finance lender licensed by the California Department of Financial Protection and Innovation, License №60 DBO-11976 (“Anchorage Lending”). Any depictions of simulated or past loan performance are not necessarily indicative of future results.

The Path Forward for Crypto Lending

Last week, Diogo wrote about recent market volatility as an opportunity to build and test the integrity of crypto markets. This week, the industry at large is reeling from the 2008 subprime-era-like shocks to crypto credit markets (in relative terms) across large notable lending desks and liquidity providers. While bailouts and account freezes are happening elsewhere, Anchorage Digital has experienced zero negative impacts, and we’re actively expanding our proven, capital preservation-focused lending program. Anchorage has always taken a regulated, safe approach to our stack of services, and our approach to create risk-model based lending has been no exception. Despite volatility across digital assets, Anchorage financing is ready to originate loans from new and current clients, and help more institutional lenders generate yield on their assets as the model for thoughtful crypto lending.  Why has Anchorage financing been successful? Over the past 18 months, we’ve run a large lending program, helping to originate billions of dollars in loans. These loans have been successful because of the strong risk modeling and controls we’ve built into our program from the beginning, achieving yield generation for lenders and access to liquidity and digital assets for borrowers as a compliant lender that works exclusively with institutions. This kind of risk-mitigated lending is the foundation of a thriving, responsible credit market. We believe stable lending and borrowing is mission critical to the sustainable growth of the digital asset ecosystem. And the need for stable financing is not unique to crypto; for generations, traditional lending has allowed businesses and individuals to prosper, generating jobs, economic activity, and broad-based growth.  While recent market volatility has raised scrutiny around the structural integrity of a number of digital assets and their service providers, heightened vetting standards like Anchorage’s are increasingly critical to ensuring a safer financial future. We’d also like to thank our borrowers for being transparent and responsible members of the crypto community. This year, we have had: Zero losses to client or firm capital No liquidity issues with respect to asset withdrawals Appropriate risk-monitoring of counterparties and collateral This year we have experienced: Zero losses to client or firm capital: Anchorage lenders took no losses, nor did we use firm capital to subsidize losses on any bad loans. No liquidity issues with respect to asset withdrawals: Anchorage has met all of our lender withdrawal requests ahead of schedule. In fact, over the past few weeks’ heavy volatility, all of our lender withdrawals were processed faster than our required SLAs. Our deep liquidity backstop allows for immediate action in the event of liquidation. Appropriate risk monitoring of counterparties and collateral: We believe continuous monitoring of key metrics and multiple reference prices to protect against outages and single-source pricing anomalies are key to navigating any market, especially a highly volatile one like we have recently experienced. We require an in-depth knowledge of every borrower and appropriate collateral requirements and management. Charting forward amidst the storm Our lending story begins with a modest start: we weren’t first to the lending market and we weren’t offering the largest lines of credit, so many borrower counterparties turned to the larger, earlier platforms. We regularly heard our yields weren’t high enough, and we extended far less credit than more aggressive lenders.  To us, a measure twice, cut once approach—to keep our clients, our team, and the integrity of our reputation intact—meant that while we started later, we’d stand the test of market pressures. Capital preservation has been, and continues to be fundamental to institutional lending and borrowing at Anchorage, because who cares about the highest yield if you lose your funds? We’ve built our lending program thoughtfully with the idea that strong risk-first frameworks for origination, and how we monitor the capital involved should be comprehensive and conservative. Ours is a decisive, proactive, risk-mitigation approach to managing the loan program so our institutional clients’ principal is always protected. The three biggest markers of our financing program are:  (1) Capital preservation is more important than high yields. We originate loans to the borrowers with the best risk profile instead of focusing on the highest interest rate available. To achieve this, we underwrite each borrower by understanding their business and reviewing their financials. Additionally, Anchorage reviews all eligible collateral to determine loan parameters and safeguards this loan collateral with industry-leading security and the first federally chartered crypto bank.  (2) We only lend directly to creditworthy institutions. Anchorage financing does not deploy client assets in DeFi or use it to fund investment “strategies”.  (3) We have a powerful lending platform and a dedicated team. We have continuous monitoring of key market metrics and a team that provides 24/7 coverage. We vet our institutional clients thoroughly, acting as agent under our California commercial lending license. Because of this, we’re regarded by our clients as a safe, thoughtful lending partner in the industry. Additionally, we separate key responsibilities so that loan approvals are completed by a risk team outside of our client-facing business to put the interests of our clients first. Foundation for expansion As sentiment remains fearful, Anchorage has proven its financing program works—and for that reason, we’re actively expanding Anchorage financing. We’re hiring for five open positions in financing, and we are able to accept assets from lenders who would like to receive yield on U.S. dollars, Bitcoin (BTC), Ether (ETH), and other digital assets. We’ll also soon be offering lending for institutional clients on our mobile app. Interested in lending or borrowing with Anchorage? Get in touch.  Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Digital assets are held in custody by Anchorage Digital Bank National Association and are not guaranteed or FDIC-insured. Any depictions of simulated or past loan performance are not necessarily indicative of future results. 

Introducing: Anchorage Digital Bank, the First Federally Chartered Digital Asset Bank

Anchorage Digital is pleased to announce that the Office of the Comptroller of the Currency (OCC) has provided conditional approval to our application for a national trust charter, which makes Anchorage Digital Bank National Association, the first federally chartered digital asset bank in history. This is a major milestone, not only for us as an organization, but also for the crypto industry and the wider financial world. Crypto deserves a bank, and we are immensely proud of being approved as the one to set the standard. Having a national bank charter places Anchorage Digital Bank firmly on the same regulatory footing as other national banks in the country. Most immediately, it puts first-of-its-kind, sub-custody services within reach for any traditional financial institution that wishes to give its clients access to digital assets. Since our founding, we’ve been credited numerous times with blurring the lines between crypto and traditional finance. Today, we’re happy to see those lines begin to be erased. Before now, there have existed fintech companies with the technical sophistication to securely handle digital assets under a piecemeal, state-by-state regulatory structure, and there have existed federally chartered banks with a robust regulatory framework that lack the true technological savvy it takes to operate in the blockchain space at its breakneck pace of innovation. Anchorage Digital Bank is the first entity to have both the tech and the regulatory clarity that serious institutional participation in crypto demands. And as a federally chartered bank with fiduciary powers, Anchorage Digital Bank will unequivocally meet the definition of Qualified Custodian, giving institutions a straightforward way to meet their obligations under federal law. We are currently witnessing the rise of institutional crypto adoption. From large asset managers, to corporate treasuries, to endowments and family offices, institutional interest in digital assets has never been higher. As the space continues to mature and its use cases proliferate, we expect to see increasing demand for a wide range of services — services that exceed the expectations of traditional finance. A federal charter significantly increases our ability to develop and offer the kinds of innovative financial products and services with the safety and soundness that institutional participants require. We could not have reached such an historic milestone without the tireless efforts of our team, and the many, many others who have spent countless hours of their lives and huge amounts of resources to blaze the trail ahead of and alongside us. And we are immensely grateful to the OCC, whose passion for protecting consumers and commitment to keeping the American banking system at the forefront of financial innovation is clearly evident in their work. Today marks a truly meaningful step forward on the journey toward a more fair, equitable, and secure financial system. May it be one of many. To learn more about Anchorage Digital Bank, the first federally chartered digital asset bank, please get in touch. Disclaimer: Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. Nothing in this communication is intended to imply that any asset held in custody by Anchorage is low-risk or risk-free. Digital assets held in custody are not guaranteed by Anchorage Digital Bank National Association and are not FDIC-insured.

Anchorage Digital Custodies NFTs for New iHeartMedia Offering

Anchorage Digital is proud to partner with iHeartMedia to support its collection of NFTs called the Non-Fun Squad, a new NFT-based media franchise and shared media universe. The first-of-its-kind iHeart offering gives stories and personalities to NFTs from popular and emerging collections, representing the next frontier in Web3 content creation.  As part of the collaboration, Anchorage is custodying CryptoPunks and Mutant Apes for iHeartMedia with plans to custody more NFTs for iHeart in the future. Anchorage, the first federally-regulated digital asset bank in the United States, provides an unparalleled level of safety and security for custodying NFTs and other digital assets.  Last year, Anchorage became the first U.S. bank to custody an NFT when we helped Visa to purchase and custody a CryptoPunk. Our NFT program continues to meet the growing demand for institutional digital asset adoption. Survey data from 2021 shows 52% of institutional investors hold digital assets, with a 20-percentage point increase in U.S. financial advisors invested in crypto compared to 2019.  Anchorage is committed to breaking new ground in the institutional adoption of digital assets and believes NFTs and crypto represent the next frontier of Web3 innovation. “Creative initiatives like this represent the next era of Web3 innovation, offering new and engaging avenues for consumers to connect with and build community around NFTs. Anchorage is proud to provide safe and secure digital asset custody for iHeart, and we look forward to continuing our partnership to bring NFTs to the masses through multimedia content.”  —Diogo Mónica, President and Co-Founder of Anchorage Digital “As the leader in consumer audio, iHeart is committed to pushing the boundaries of innovation in audio content creation. With this initiative we’re extending our Web3 and Metaverse strategy by building new experiences for our audiences across new and emerging platforms—and giving our audiences compelling characters, stories and personalities that they’ll connect with.”  — Conal Byrne, CEO of the iHeartMedia Digital Audio Group Organizations looking to follow iHeartMedia’s lead in building innovative products that push toward the Web3 future need safe and secure digital asset custody. Not only does Anchorage provide best-in-class custody as a federally-regulated bank; our platform also allows institutions to provide proof-of-ownership for NFTs, facilitating audits for reporting purposes.  If you’d like to learn more about our offerings, please get in touch. Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Digital assets are held in custody by Anchorage Digital Bank National Association and are not guaranteed or FDIC-insured. Any depictions of simulated or past loan performance are not necessarily indicative of future results. 

Anchorage Digital Raises $350 Million Series D Funding Led by KKR

We are pleased to announce that Anchorage Digital has raised a $350 million Series D funding round. Led by global investment firm KKR, this round of financing values Anchorage at over $3 billion. Participants include Goldman Sachs, Alameda Research, Andreessen Horowitz, Apollo credit funds, Blockchain Capital, Delta Blockchain Fund, Elad Gil, GIC, GoldenTree Asset Management, Innovius Capital, Kraken, Lux Capital, Senator Investment Group, Standard Investments, Thoma Bravo, and Wellington Management. This new capital will accelerate our efforts to integrate digital assets into the global economy. Our focus at Anchorage has always been to make it safe and accessible for institutions to participate in the rapidly evolving digital asset space. We will use this new infusion of capital to: Enhance our ability to provide custom crypto infrastructure solutions for our global financial services and fintech clients. Accelerate Anchorage’s ability to enable institutions to navigate the latest trends in crypto and its quickly evolving financial landscape. Increase the size of our team across all lines of business to continue to expand our product offerings, support our current clients, and grow our client base. We will benefit greatly from the strategic partnership and global reach of KKR as our lead investor. KKR is making its investment in Anchorage through its Next Generation Technology Growth Fund II and we are pleased to be the firm’s first direct equity investment in a digital asset company. “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. We are thrilled to lead this 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 solutions.” —Ben Pederson, Senior Leader on KKR’s Technology Growth Equity Team When we first started Anchorage, we solved for custody with the most secure and safest platform for institutions on the market. Today, our suite of offerings has expanded to include prime brokerage services and custom API integrations for institutions interested in digital assets. We are at an inflection point as more and more institutions look to add crypto services into their offerings. This funding positions Anchorage to meet the unprecedented institutional demand for this rapidly changing market. “We are certain Anchorage will be a crucial part of the digital asset infrastructure and we are excited to be an investor.” —Oli Harris, Head of North America Digital Assets, Goldman Sachs “Anchorage Digital has emerged as a leader in digital asset infrastructure through its innovative technology and institutional approach to regulatory compliance. We believe Anchorage can play a pivotal role in reshaping modern finance as digital asset adoption grows. We look forward to supporting their growth through this fund investment and to exploring new ways to integrate with their platform solutions.” —Rob Bittencourt, Partner, Apollo We’d like to thank everyone in the wider Anchorage network — from clients and investors, to partners and regulators, to each and every member of our quickly growing team — for their role in making Anchorage what we are today. If you’d like to learn more about our offerings, please get in touch. If you’re interested in joining our team, please review our open positions. This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.

Anchorage, AngelList Partnership Enables Investors to Invest with USDC

AngelList users have existing exposure to sector-focused venture capital funds, like 6529 NFT Fund and Curated Fund. But through a new partnership with Anchorage Digital, AngelList users are now able to go beyond investing in the digital asset ecosystem, and actively participate in it, by using the USDC stablecoin to fund their special purpose vehicles (SPVs) and funds of choice via the Ethereum network. Both San Francisco-born companies have earned a reputation for bringing novel technologies and companies into the mainstream: As home to the first operational federally-chartered digital asset bank, Anchorage is the leading OCC-supervised on-ramp for traditional financial institutions to participate in the crypto economy. AngelList has supported investments into companies that have grown from fledgling startups to economic powerhouses reshaping their industries around the globe, from Robinhood to Uber. Additionally, both companies have partnered with Layer2 Financial, a Toronto-based Crypto Banking as a Service platform, to provide crypto-specific account subledgering and onboarding services. By allowing seamless USDC investment into startups, AngelList and Anchorage are bridging the gap between fiat currency and VC funding. This allows those interested in funding crypto innovation to deposit USDC easily. The fully automated, platform-wide rollout will allow all businesses–not just those that are crypto-native–to accept USDC as a funding option. In the fast-moving and hypercompetitive world of VC and tech startups, the efficiency created by blockchain-based transactions is likely to come as a welcome upgrade for forward-looking founders and funders alike.  “This partnership paves the way for a more effective, efficient, and transparent system of funding the world’s most promising new businesses–and there’s no better trailblazer than AngelList to take this giant leap forward for the industry." — Diogo Mónica, President and Co-Founder, Anchorage Digital “Anchorage and Layer2 infrastructure accelerated our implementation efforts to launch USDC alongside fiat as an investment option on the AngelList platform. We look forward to expanding the partnership across other use cases on the platform.” — Avlok Kohli, CEO, AngelList As part of the partnership, Anchorage is providing digital asset custody and execution services for AngelList. USDC trades sync with AngelList’s systems daily via API.  If you’re interested in learning more about our services, please get in touch. Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Custody, settlement, staking, and governance services are offered through Anchorage Digital Bank National Association (“Anchorage Digital Bank”). Digital asset trading services are provided by Anchorage Hold LLC (“Anchorage Hold”). Borrowing and lending services are offered through Anchorage Lending CA LLC, a finance lender licensed by the California Department of Financial Protection and Innovation, License №60 DBO-11976 (“Anchorage Lending”). Any depictions of simulated or past loan performance are not necessarily indicative of future results.

Powering crypto strategies for leading institutions

Our clients safely participate in digital asset markets, from custody to trading, financing, staking, and governance—all from within the world's most advanced and proven security architecture. And as one of the most trusted crypto partners, Anchorage enables institutions to become leaders in the new crypto economy.

Safeguard your crypto

Security, as the most important aspect of crypto custody, is the foundation of everything we do. Our differentiated custody solution eliminates human error, mitigates attack vectors, and is backed by biometric authentication and robust controls—all without compromising accessibility. Click here to learn more about how to select a digital asset custodian.

Maximize crypto participation

Safely collect rewards through staking, participate in on-chain community governance, obtain superior execution trading 24/7/365 with access to multiple liquidity venues, and generate yield on lent assets or liquidity by borrowing.

Build with Anchorage

Bespoke solution design and API integrations: Institutions looking to offer crypto services to their clients can work with Anchorage on tailored solutions to fit their goals and integrate across multiple parties. Click here to learn more about how to build crypto products.

First federally chartered crypto bank

Anchorage Digital Bank is the first crypto-native bank to receive a charter from the U.S. Office of the Comptroller of the Currency. As a qualified custodian, Anchorage Digital Bank works closely with its regulators to meet stringent compliance requirements and to set the industry bar for digital asset operations under federal oversight. From SEC-registered investment advisors to traditional custodian banks, clients using Anchorage benefit from heightened operational, compliance, audit, and governance controls. 

Trusted by

Supported Assets

Anchorage will support all assets that meet our standards of quality and safety. Don’t see what you’re looking for? We’re always adding new assets. To learn more about our roadmap, please get in touch.

DyDx AssetIcon

DyDx

DYDX
CeloEuro AssetIcon

Celo Euro

CEUR
Filecoin AssetIcon

Filecoin

FIL
Orchid AssetIcon

Orchid

OXT
Bancor AssetIcon

Bancor

BNT
BadgerDAO AssetIcon

Badger DAO

BADGER
Sai AssetIcon

Sai

SAI
KyberNetworkCrystal AssetIcon

Kyber Network Crystal

KNC
Dodo AssetIcon

Dodo

DODO
xSushi AssetIcon

xSushi

XSUSHI
Balancer AssetIcon

Balancer

BAL
MapleFinance AssetIcon

Maple Finance

MPL
Ren AssetIcon

Ren

REN
MirrorProtocol AssetIcon

Mirror Protocol

MIR

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