Anchorage, which recently became a chartered bank, announced it raised an $80 million Series C round led by Singapore’s GIC, the government investment vehicle. Other participants were a16z, Blockchain Capital, Lux and Indico. Total funding to date is $137 million.
Last month Anchorage partnered with another investor Visa to provide a neobank with a digital asset custody solution. Anchorage started off focusing on secure custody given the founders’ careers. Co-founders Diogo Mónica and Nathan McCauley both have a background in security engineering, having worked at Square and Docker.
“At Anchorage, our focus has always been enabling institutions to participate in the digital asset space,” said the founders in a blog post. “At first, participation meant secure custody you can use. It has since grown to mean a wide range of crypto-native financial products and services, from staking and governance, to financing and lending, to trading and DeFi.”
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