Anchorage Digital, the first federally chartered U.S. digital-asset bank, is seeking to raise between $200 million and $400 million in new funding as it prepares for a potential initial public offering next year, according to Bloomberg.
The company is reported to be in discussions with investors as it evaluates valuation levels and market timing, Bloomberg reported on Thursday.
Capital raise targets institutional expansion
Anchorage Digital has positioned the fundraising as part of its broader strategy to scale institutional crypto services, including custody, settlement, and infrastructure offerings tailored to regulated financial institutions.
The capital raise would mark the firm’s first major funding round since its 2021 Series D, when it raised $350 million at a valuation above $3 billion.
Federally chartered crypto bank status
Anchorage operates through Anchorage Digital Bank National Association, which holds a federal charter from the U.S. Office of the Comptroller of the Currency. The charter allows the firm to provide digital-asset custody and related services under the U.S. banking regulatory framework.
That regulatory status has made Anchorage a key service provider for institutional investors seeking compliant crypto exposure.
IPO preparations amid evolving regulatory landscape
The funding effort comes as Anchorage evaluates a potential public listing in 2026, according to Bloomberg. The move would place the firm among a small group of crypto-native companies pursuing public markets while U.S. lawmakers continue debating broader digital-asset regulation.
Anchorage’s fundraising push underscores continued investor interest in regulated crypto infrastructure despite ongoing legislative uncertainty around market structure and stablecoin oversight.
