Premium Crypto TL;DRs

Crypto Firm Anchorage Secures $350 Million in Funding

Share:

Share on telegram
Share on whatsapp
Share on facebook
Share on twitter
Share on linkedin

Anchorage, a leading crypto firm that provides exposure to digital assets, announced today that it has raised $350 million in funding. The latest investment round saw participation from KKR, Goldman Sachs and other leading financial giants.

The $350 million round valued the company at nearly $3 billion. During an interview with Decrypt, Diogo Monica, CEO of Anchorage, said that the company is planning to use the Series D investment to facilitate its clients and to expand its offerings substantially in the near future.

In January 2021, Anchorage became the first crypto bank to receive conditional approval from the Office of the Comptroller of the Currency (OCC), an independent bureau within the US Treasury Department. In February, the crypto startup also raised $80 million in a Series C funding round led by Singapore’s sovereign wealth fund, GIC.

In addition to KKR and Goldman Sachs, the recent Series D funding round saw participation from Alameda Research, Andreessen Horowitz, BlackRock, Blockchain, Kraken and PayPal Ventures.

Crypto Regulations

In an interview with CNBC, Monica highlighted the importance of regulatory clarity for the growth of digital assets. “Regulation is necessary and regulatory clarity is good for the industry because it allows innovation. The digital asset industry wants to know what the rules of engagement are. I would like to point that Anchorage is the first and only federally chartered crypto bank. We went towards being regulated by the OCCC because we believe in this, we believe in clarity,” Monica added.

As far as crypto assets are concerned, the US market witnessed significant growth with record trading volumes, all-time high digital assets under management and record new users. Through regulatory clarity, leading players in the crypto market can offer innovative services to US-based clients. Furthermore, Anchorage aims to accelerate the expansion of its lending and staking businesses in 2022.

Anchorage, a leading crypto firm that provides exposure to digital assets, announced today that it has raised $350 million in funding. The latest investment round saw participation from KKR, Goldman Sachs and other leading financial giants.

The $350 million round valued the company at nearly $3 billion. During an interview with Decrypt, Diogo Monica, CEO of Anchorage, said that the company is planning to use the Series D investment to facilitate its clients and to expand its offerings substantially in the near future.

In January 2021, Anchorage became the first crypto bank to receive conditional approval from the Office of the Comptroller of the Currency (OCC), an independent bureau within the US Treasury Department. In February, the crypto startup also raised $80 million in a Series C funding round led by Singapore’s sovereign wealth fund, GIC.

In addition to KKR and Goldman Sachs, the recent Series D funding round saw participation from Alameda Research, Andreessen Horowitz, BlackRock, Blockchain, Kraken and PayPal Ventures.

Crypto Regulations

In an interview with CNBC, Monica highlighted the importance of regulatory clarity for the growth of digital assets. “Regulation is necessary and regulatory clarity is good for the industry because it allows innovation. The digital asset industry wants to know what the rules of engagement are. I would like to point that Anchorage is the first and only federally chartered crypto bank. We went towards being regulated by the OCCC because we believe in this, we believe in clarity,” Monica added.

As far as crypto assets are concerned, the US market witnessed significant growth with record trading volumes, all-time high digital assets under management and record new users. Through regulatory clarity, leading players in the crypto market can offer innovative services to US-based clients. Furthermore, Anchorage aims to accelerate the expansion of its lending and staking businesses in 2022.

Credit: Source link

More Posts
  • bitcoinBitcoin (BTC) $ 28,972.00 4.65%
  • ethereumEthereum (ETH) $ 1,937.73 6.81%
  • tetherTether (USDT) $ 1.00 0.11%
  • usd-coinUSD Coin (USDC) $ 1.00 0.12%
  • binance-coinBNB (BNB) $ 292.26 3.89%
  • xrpXRP (XRP) $ 0.409281 6.34%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • cardanoCardano (ADA) $ 0.511464 10.55%
  • solanaSolana (SOL) $ 50.56 10.89%
  • dogecoinDogecoin (DOGE) $ 0.084240 6.41%
  • polkadotPolkadot (DOT) $ 9.58 12.24%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 28,984.00 4.42%
  • avalanche-2Avalanche (AVAX) $ 29.78 13.2%
  • staked-etherLido Staked Ether (STETH) $ 1,904.00 6.97%
  • tronTRON (TRX) $ 0.071404 0.83%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 6.82%
  • daiDai (DAI) $ 1.00 0.01%
  • crypto-com-chainCronos (CRO) $ 0.186425 7.3%
  • litecoinLitecoin (LTC) $ 66.54 8.88%
  • leo-tokenLEO Token (LEO) $ 4.92 0.87%
  • matic-networkPolygon (MATIC) $ 0.634493 11.51%
  • nearNEAR Protocol (NEAR) $ 5.88 11.82%
  • ftx-tokenFTX Token (FTT) $ 29.95 5.84%
  • bitcoin-cashBitcoin Cash (BCH) $ 188.14 8.59%
  • chainlinkChainlink (LINK) $ 6.86 10.5%
  • stellarStellar (XLM) $ 0.127049 9.42%
  • okbOKB (OKB) $ 12.09 5.13%
  • cosmosCosmos Hub (ATOM) $ 10.27 10.46%
  • algorandAlgorand (ALGO) $ 0.438994 9.78%
  • flowFlow (FLOW) $ 2.84 5.46%
  • moneroMonero (XMR) $ 156.66 10.38%
  • ethereum-classicEthereum Classic (ETC) $ 20.07 6.92%
  • apecoinApeCoin (APE) $ 7.84 11.42%
  • uniswapUniswap (UNI) $ 4.93 8.93%
  • hedera-hashgraphHedera (HBAR) $ 0.100518 6.77%
  • elrond-erd-2Elrond (EGLD) $ 91.11 9.23%
  • vechainVeChain (VET) $ 0.029690 8.48%
  • theta-fuelTheta Fuel (TFUEL) $ 0.062210 11.86%
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.997217 0.35%
  • internet-computerInternet Computer (ICP) $ 7.60 10.87%
  • axie-infinityAxie Infinity (AXS) $ 21.98 2.43%
  • chain-2Chain (XCN) $ 0.096893 4.93%
  • filecoinFilecoin (FIL) $ 7.65 10.08%
  • decentralandDecentraland (MANA) $ 1.04 12.71%
  • compound-ethercETH (CETH) $ 38.89 7.27%
  • the-sandboxThe Sandbox (SAND) $ 1.21 11.05%
  • tezosTezos (XTZ) $ 1.69 8.68%
  • defichainDeFiChain (DFI) $ 2.82 8.87%
  • fraxFrax (FRAX) $ 1.00 0.26%
  • kucoin-sharesKuCoin Token (KCS) $ 14.30 4.01%
  • makerMaker (MKR) $ 1,433.85 8.96%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.37 7.03%
  • eosEOS (EOS) $ 1.27 7.69%
  • zcashZcash (ZEC) $ 100.25 12.38%
  • theta-tokenTheta Network (THETA) $ 1.22 12.61%
  • true-usdTrueUSD (TUSD) $ 1.00 0.11%
  • klay-tokenKlaytn (KLAY) $ 0.407286 6.92%
  • aaveAave (AAVE) $ 82.74 11.94%
  • huobi-btcHuobi BTC (HBTC) $ 28,862.00 5.08%
  • the-graphThe Graph (GRT) $ 0.159967 11.04%
  • compound-usd-coincUSDC (CUSDC) $ 0.022667 0.1%
  • huobi-tokenHuobi Token (HT) $ 7.01 0.07%
  • bittorrentBitTorrent (BTT) $ 0.000001 3.57%
  • terrausdTerraUSD (UST) $ 0.087538 1.37%
  • terra-lunaTerra (LUNA) $ 0.000151 19.32%
  • bitcoin-svBitcoin SV (BSV) $ 50.47 9.89%
  • paxos-standardPax Dollar (USDP) $ 1.00 0.13%
  • iotaIOTA (MIOTA) $ 0.337216 13.51%
  • thorchainTHORChain (RUNE) $ 2.99 12.17%
  • quant-networkQuant (QNT) $ 65.96 10.3%
  • ecasheCash (XEC) $ 0.000046 6.18%
  • neutrinoNeutrino USD (USDN) $ 0.969838 0.23%
  • radixRadix (XRD) $ 0.085608 2.9%
  • stepnSTEPN (GMT) $ 1.39 12.81%
  • gatechain-tokenGateToken (GT) $ 5.49 4.64%
  • fantomFantom (FTM) $ 0.321487 10.34%
  • cdaicDAI (CDAI) $ 0.022073 0.34%
  • heliumHelium (HNT) $ 7.71 14.96%
  • bitdaoBitDAO (BIT) $ 0.819542 2.86%
  • nexoNEXO (NEXO) $ 1.31 5.53%
  • arweaveArweave (AR) $ 14.54 7.32%
  • neoNEO (NEO) $ 10.02 8.68%
  • kusamaKusama (KSM) $ 77.09 6.04%
  • zilliqaZilliqa (ZIL) $ 0.048230 9.5%
  • convex-financeConvex Finance (CVX) $ 10.85 11.99%
  • chilizChiliz (CHZ) $ 0.121451 0.94%
  • amp-tokenAmp (AMP) $ 0.013463 4.82%
  • enjincoinEnjin Coin (ENJ) $ 0.661408 9.59%
  • wavesWaves (WAVES) $ 6.18 15.61%
  • dashDash (DASH) $ 55.99 7.27%
  • pax-goldPAX Gold (PAXG) $ 1,821.41 0.15%
  • galaGala (GALA) $ 0.079254 10.26%
  • loopringLoopring (LRC) $ 0.458622 6.87%
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.378865 7.62%
  • havvenSynthetix Network Token (SNX) $ 2.50 11.53%
  • compound-usdtcUSDT (CUSDT) $ 0.021768 0%
  • celoCelo (CELO) $ 1.26 12.27%
  • maiar-dexMaiar DEX (MEX) $ 0.000110 9.1%
  • osmosisOsmosis (OSMO) $ 1.49 9.67%
  • fei-usdFei USD (FEI) $ 1.00 0.25%