Anchorage Digital seeks $200M–$400M funding ahead of potential IPO and stablecoin plans

Anchorage Digital, the first federally chartered digital asset bank in the United States, is pursuing a funding round of $200M to $400M while evaluating a possible public listing next year, Bloomberg reports citing people familiar with the matter on January 17. The company is still determining its valuation as it prepares for a potential initial public offering, one unnamed source said. Anchorage Digital Bank NA's federal charter allows it to issue stablecoins in the United States under the GENIUS Act that took effect in July, and the firm said in September it planned to work with El Salvador-based Tether Holdings SA to launch the USAT token for the U.S. market. Anchorage previously completed a $350M round led by KKR in late 2021 with participation from Goldman Sachs, GIC and Apollo credit funds, which valued the company at over $3B.