Anchorage Digital is preparing a major capital raise as it positions itself for a possible public listing, signaling renewed momentum for crypto companies looking to tap public markets.
Key points to remember:
- Anchorage Digital is seeking $200 million to $400 million in funding as it prepares for a possible IPO next year.
- Its status as a federally chartered crypto bank allows the company to benefit from new US rules on stablecoins and digital assets.
- Anchorage is expanding its stablecoin, custody and wealth management services as institutional demand increases.
The company is seeking between $200 million and $400 million in new financing, with an IPO planned for next year, according to a Bloomberg report citing people familiar with the matter.
Anchorage Federal Bank’s charter gives it an advantage
Anchorage’s growing ambitions are closely tied to its regulatory position. Its subsidiary, Anchorage Digital Bank National Association, became the first federally chartered crypto bank in the United States in 2021.
This status increasingly sets Anchorage apart from its rivals, especially as Washington moves to formalize rules regarding stablecoins and digital asset infrastructure.
Following the passage of the GENIUS Act in July, Anchorage is positioning itself to play a central role in stablecoin issuance and related services.
Chief Executive Officer Nathan McCauley said in September that the company planned to double the size of its stablecoin team over the next year, anticipating an increase in demand for dollar-backed digital tokens from banks, fintech companies and global institutions.
“2025 was our blockbuster year,” an Anchorage spokesperson told Bloomberg, highlighting a series of acquisitions, new partnerships and the launch of stablecoin issuance as key milestones.
One of the most notable partnerships involves Tether, with both companies announcing plans last year to launch a US-focused stablecoin known as USAT.
Beyond stablecoins, Anchorage has developed a wide range of services for institutional clients, including custody, trading and staking for banks, hedge funds and venture capital firms.
The company has also expanded into wealth management, acquiring Securitize for Advisors and integrating token lifecycle management through Hedgey to deepen its reach into tokenized assets.
Anchorage is not new to large funding rounds. At the end of 2021, the company raised $350 million in a funding round led by KKR & Co, with the participation of credit funds Goldman Sachs, GIC and Apollo, valuing the company at more than $3 billion.
Crypto Companies Line Up for IPOs as Anchorage Prepares Public Debut
Anchorage’s IPO ambitions come as other major crypto companies also line up for a public listing.
Rival BitGo filed confidential IPO paperwork last year, while crypto exchange Kraken submitted its own filing in November and is targeting an early 2026 debut.
Bitpanda is also preparing to debut on the Frankfurt Stock Exchange in the first half of 2026, putting one of Europe’s largest retail crypto platforms on a path to becoming a bull market beneficiary until the public market test.
Last year, tZero Group, a New York-based blockchain infrastructure company focused on tokenized securities and real-world assets, announced that it was preparing to go public in 2026.
Before that, BitGo officially filed for an initial public offering, becoming the first dedicated crypto custodian to pursue a listing on a US exchange.
The post Anchorage Digital Prepares for IPO with $400M Fundraising appeared first on Cryptonews.
