Anchorage Digital is preparing a major capital raise as it positions itself for a potential public listing, signaling renewed momentum for crypto firms looking to tap public markets.
Key Takeaways:
- Anchorage Digital is seeking $200 million to $400 million in funding as it prepares for a potential IPO next year.
- Its federally chartered crypto bank status positions the firm to benefit from new U.S. stablecoin and digital asset rules.
- Anchorage is expanding stablecoin, custody and wealth management services as institutional demand grows.
The company is seeking between $200 million and $400 million in fresh funding, with an initial public offering under consideration for sometime next year, according to a Bloomberg report citing people familiar with the matter.
Anchorage’s Federal Bank Charter Gives It an Edge
Anchorage’s growing ambitions are tied closely to its regulatory standing. Its affiliate, Anchorage Digital Bank National Association, became the first federally chartered crypto bank in the United States in 2021.
That status has increasingly set Anchorage apart from rivals, particularly as Washington moves to formalize rules around stablecoins and digital asset infrastructure.
Following the passage of the GENIUS Act in July, Anchorage is positioning itself to play a central role in stablecoin issuance and related services.
Chief executive Nathan McCauley said in September that the firm plans to double the size of its stablecoin team over the next year, anticipating a surge in demand for dollar-backed digital tokens from banks, fintech firms and global institutions.
“2025 was our year of scale,” an Anchorage spokesperson told Bloomberg, pointing to a series of acquisitions, new partnerships and the launch of stablecoin issuance as key milestones.
One of the most notable partnerships involves Tether, with the two firms announcing plans last year to launch a U.S.-focused stablecoin known as USAT.
Beyond stablecoins, Anchorage has built a broad suite of services aimed at institutional clients, including custody, trading and staking for banks, hedge funds and venture capital firms.
The company has also expanded into wealth management, acquiring Securitize for Advisors and integrating token lifecycle management through Hedgey to deepen its reach across tokenized assets.
Anchorage is not new to large funding rounds. In late 2021, the firm raised $350 million in a round led by KKR & Co, with participation from Goldman Sachs, GIC and Apollo credit funds, valuing the company at more than $3 billion at the time.
Crypto Firms Line Up for IPOs as Anchorage Prepares Public Debut
Anchorage’s IPO ambitions come as other major crypto firms also line up for public listings.
Custody rival BitGo filed confidential IPO paperwork last year, while crypto exchange Kraken submitted its own filing in November and is targeting a debut in early 2026.
Bitpanda is also lining up for a Frankfurt stock market debut in the first half of 2026, putting one of Europe’s biggest retail crypto platforms on a path from bull market beneficiary to public market test.
Last year, tZero Group, a New York–based blockchain infrastructure firm focused on tokenized securities and real-world assets, announced that it is preparing to go public in 2026.
Before that, BitGo officially filed for an initial public offering, becoming the first dedicated crypto custodian to pursue a listing on a US stock exchange.
The post Anchorage Digital Gears Up for IPO With $400M Fundraise appeared first on Cryptonews.
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