Overview
- Bloomberg reports Anchorage is in talks to raise $200–$400 million as it weighs a 2027 listing, and the company has not confirmed the effort and declined to comment.
- Anchorage holds an OCC federal charter granted in 2021, allowing regulated custody, trading, staking and onshore stablecoin issuance under the GENIUS Act framework.
- The company is expanding its stablecoin push, planning to double its stablecoin team and collaborating with Tether on a U.S.-focused USAT token.
- Anchorage’s regulatory edge has narrowed after the OCC granted conditional approvals to Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos in December 2025.
- The fundraising talks track a broader IPO wave for crypto infrastructure, with rival custodian BitGo pricing an NYSE debut to raise up to $201 million this month.