Anchorage Digital, the first federally chartered cryptocurrency bank in the United States, is gearing up for a significant capital raise as part of its strategy to eventually go public. The San Francisco-based firm is looking to secure between $200 million and $400 million in new funding, according to sources familiar with the situation. This move is seen as a crucial step in positioning the company for a potential initial public offering (IPO).
The timing of this capital raise aligns with Anchorage”s ambitions to broaden its influence in the realms of stablecoins and institutional cryptocurrency infrastructure. These sectors are anticipated to experience rapid growth as the regulatory landscape surrounding digital assets continues to evolve.
According to insiders, Anchorage is in the process of finalizing its valuation parameters for this funding round. The firm was valued at over $3 billion during its last funding round in late 2021, and a successful capital raise could elevate that valuation further. While an IPO may not be on the immediate horizon, there are indications of internal planning pointing to a possible listing in 2027, with some analysts suggesting that late 2026 could be feasible if current trends persist.
The funds raised are expected to fuel several initiatives, including infrastructure expansion, entry into token lifecycle management, and a significant scaling of the company”s stablecoin operations. Anchorage aims to double its stablecoin-focused team by the end of 2026, reflecting its commitment to regulated digital dollar products and settlement solutions.
Anchorage”s federal banking charter provides it with a competitive advantage that few cryptocurrency-native firms possess. Following the passage of the GENIUS Act in July 2025, clearer pathways for stablecoin issuance and custody have emerged, positioning Anchorage to better serve institutional clients seeking compliant digital asset solutions.
Unlike retail-focused exchanges, Anchorage specializes in custody, safekeeping, and infrastructure services tailored for financial institutions, asset managers, and fintech companies. This strategic focus allows the firm to align more closely with traditional banking operations while also facilitating blockchain-based asset management.
Additionally, Anchorage has fortified its institutional reach through strategic partnerships, such as its recent collaboration with Tether, aimed at enhancing stablecoin-related services within regulated frameworks.
This move by Anchorage is part of a broader trend among cryptocurrency infrastructure providers preparing for public market entry. Companies like BitGofiled and Kraken are also exploring IPO opportunities, reflecting a growing confidence among crypto firms in the face of increasing regulatory clarity and institutional demand.
For Anchorage Digital, the planned capital raise marks a decisive milestone in its journey towards becoming a cornerstone of regulated digital asset finance.
