Overview
- Bloomberg-sourced reports say Anchorage Digital is pursuing a $200 million to $400 million raise as it weighs a 2027 public listing, though the company has not confirmed the plan.
- CEO Nathan McCauley has outlined a push into stablecoin issuance, including plans to double the firm’s stablecoin team within the next year.
- Anchorage holds the first OCC-approved federal crypto bank charter from 2021, but its exclusivity ended after December 2025 conditional approvals for Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos.
- Competitive pressure is building as peers move toward public markets, with BitGo pricing its IPO on January 12 and targeting a January 22 NYSE debut.
- The firm offers institutional custody, trading, and staking for hundreds of digital assets, counts investors such as a16z, KKR, Goldman Sachs, GIC, and Visa, raised $350 million in 2021 at a valuation above $3 billion, and holds a U.S. Department of Justice custody contract.