Anchorage Digital plans to raise $200 million to $400 million before its IPO next year

Anchorage Digital, the first federally licensed digital asset bank in the United States, is seeking a new round of funding and plans to raise $200 million to $400 million before a possible initial public offering next year. The valuation plan is still being finalized. Anchorage completed a $350 million funding round led by KKR at the end of 2021, valued at over $3 billion, with participation from institutions such as Goldman Sachs, Singapore Government Investment Corporation, and Apollo Credit Fund.