Anchorage Raises $350 Million at $3 Billion Valuation for Cryptocurrency Industry

Anchorage is a start-up that allows its users to get and easy access to crypto custody, trading, staking, governance, etc. It is a solution for big institutions such as publicly traded companies and funds. With the help of Anchorage, clients can trade crypto assets, stakes to earn a return and participate in protocol governance.

The investment round was led by KKR. Goldman Sachs, Alameda Research, Andreessen Horowitz, Apollo credit funds, funds and accounts managed by BlackRock, Blockchain Capital, Delta Blockchain Fund, Elad Gil, GIC, GoldenTree Asset Management, Innovius Capital, Kraken, Lux Capital, PayPal Ventures, Senator Investment Group, Standard Investments, Thoma Bravo and Wellington Management also participated in the round.

Anchorage, from San Francisco, was launched in 2017 by Diogo Monica and Nathan McCauley. With the money raised the company plans to develop the product for global financial firms and fintech companies, as well as new features with integrations with DeFi products. During the past year, the number of clients has increased by 96%. “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 KKR’s Technology Growth Equity senior leader Ben Pederson.

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