Anchorage Digital eyes $400M raise ahead of possible IPO

Anchorage Digital seeks $200–$400M before a possible 2026–2027 IPO, aiming to expand its digital asset services and strengthen its position amid rising competition and regulatory shifts.

Anchorage Digital, the first federally chartered digital asset bank in the U.S., is reportedly seeking to raise $200–$400 million ahead of a potential IPO targeted for 2026 or 2027. The company, last valued at $3 billion, aims to use the funds to expand its services and strengthen its market position amid intensifying competition and evolving regulations. Anchorage has broadened its offerings through acquisitions and partnerships, notably launching U.S. stablecoins in collaboration with Tether. Its comprehensive digital asset platform includes custody, trading, staking, lending, and governance services for institutional clients. While Anchorage has not officially confirmed the fundraising or IPO plans, industry observers note this aligns with a broader trend of crypto firms preparing for public listings as regulatory approvals for digital asset banks become more common. Backed by major investors, Anchorage is positioned as a key player in institutional crypto custody.