Crypto custodian and banking firm Anchorage has raised $80 million in a sequence C funding spherical, which was led by GIC, Singapore’s sovereign wealth fund. Different individuals within the spherical included a16z, Blockchain Capital, Lux, and Indico.
Anchorage goals to make use of the brand new capital to scale to fulfill rising demand for participation within the digital asset house. The agency famous a surge in demand, notably amongst companies, and conventional monetary establishments. This new spherical of funding will enable Anchorage to assist establishments take part in “new methods — by bringing crypto to their customers.” Particularly, by diversifying their company treasuries, and by “enabling a variety of rising use instances.”
Anchorage co-founders Diogo Mónica and Nathan McCauley stated in a launch shared with AMBCrypto:
At this time, with banks and companies looking for publicity to the house for themselves and for his or her clients, we anticipate the which means of participation to develop as soon as once more.
The staff at Anchorage burdened that the agency has all the time centered on enabling establishments to take part within the crypto asset house.
They discovered that in the first place, such participation translated to safe custody that purchasers might use. Nevertheless, this has since grown to imply a variety of crypto-native monetary services, resembling staking and governance, to financing and lending, buying and selling and DeFi.
The agency occurs to be one of many first crypto-native firms to obtain a federal banking constitution from United States OCC.
Within the coming months, Anchorage staff expects to supply at-launch help for brand spanking new protocols and help rising company use instances, amongst others.
The agency intends to supply custody help for DeFi tokens, bringing wrapped layer-one protocols to Ethereum, and supporting Bitwise within the launch of the primary DeFi crypto index fund.