Today digital assets startup Anchorage Digital announced a $350 million Series D round at a $3 billion valuation led by KKR. The company started out as a custody solution attracting Visa as an early backer but has since extended into trading and staking and become a chartered bank. Other high profile participants in the round include Goldman Sachs, Andreessen Horowitz and PayPal Ventures.
“As more and more institutions look to add crypto services into their offerings, we find ourselves at an inflection point,” said Diogo Mónica, President and Co-Founder of Anchorage Digital, “This funding positions Anchorage Digital to meet the unprecedented institutional demand for this rapidly evolving market.”
In February, Anchorage announced an $80 million Series C led by Singapore government investment vehicle GIC, including a16z, Blockchain Capital, Lux and Indico. To date, the company has raised a total of $487 million.
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