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Anchorage is looking to raise $200M – $400M in advance of a possible 2027 IPO.
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Tether and USAT will launch the USAT token on the U.S. Market.
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The company plans to strengthen its position within the institutional crypto sector through acquisitions and partnerships.
Bloomberg reports that Anchorage Digital plans to raise between $200 and $400 million to prepare for a possible Initial Public Offering next year. The money raised would be used to help the company grow and expand before it offers shares publicly.
Anchorage, located in New York, offers custody and security services to digital assets including Bitcoin and other cryptocurrencies. Anchorage Digital Bank National Association became the first federally chartered cryptocurrency bank in the United States, in 2021.
Anchorage Digital Bank is also able to issue digital dollars that are backed by real assets thanks to its federal license. Anchorage announced in September a partnership with Tether Holdings SA – the world’s biggest stablecoin issuer – to launch the USAT token on the U.S. Market. Stablecoins are digital currencies that are pegged to the U.S. Dollar.
The firm plans to expand their stablecoin team in the next year, to accommodate the anticipated growth of digital dollar adoption. Anchorage CEO Nathan McCauley announced the company’s intention of hiring specialists in technology, compliance, and finance to support this initiative.
Related: What it means for crypto banking: Anchorage Digital joins Ripple to pursue Fed Master account:
Growth through Partnerships and Acquisitions
Anchorage’s growth in 2025 was marked by acquisitions, partnerships, new product launches, and other expansion strategies. The spokesperson for the company stated that these actions were meant to strengthen Anchorage’s position in the institution crypto sector and support large financial institutions and investors. The launch of stablecoins is one of many new business lines introduced in 2018.
Anchorage is preparing to launch a possible IPO in the next year but has not yet finalized its valuation. A spokesperson declined comment on fundraising plans or IPO plans citing the nature of the private efforts. The capital raise will be used to support service expansions and operational scaling prior to any public offering.
Related: As Retail Sentiment Hits ‘Extreme Fear’, Anchorage Digital Buys $400M in Bitcoin
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