Anchorage Digital plans to raise $200-$400 million in fresh capital and is eyeing a potential IPO next year. Anchorage’s affiliate is the first federally chartered crypto bank and aims to lead stablecoin issuance after the GENIUS Act passage. CEO plans to double the stablecoin team to accommodate the digital dollar boom.

Anchorage solidified its lead in institutional crypto in 2025 through acquisitions, partnerships, and new business lines like stablecoin issuance. The company partnered with Tether to launch a USAT token. Anchorage offers custody, trading, and staking services for traditional finance players to access crypto.

Anchorage secured $350 million in funding in late 2021, led by KKR & Co, with participation from Goldman Sachs, GIC, and Apollo credit funds. The company’s valuation was over $3 billion at the time. Crypto leaders like BitGo and Kraken are also looking at IPOs in 2026.

Read more at Cointelegraph: Crypto Bank Anchorage Digital Eyeing $400M Raise and IPO