Crypto bank Anchorage Digital eyes $400M raise with IPO in sight: Report

Being the first federally chartered bank, Anchorage is looking to become a leading stablecoin issuer in 2026, with plans to double the size of its stablecoin team this year.

Institutional crypto platform Anchorage Digital is looking to raise hundreds of millions of dollars of fresh capital as it eyes a potential Initial Public Offering.

The raise would be in the $200 million to $400 million range, while a possible IPO is slated for sometime next year, according to a Bloomberg report on Friday, citing people familiar with the matter who asked to remain anonymous.

Anchorage’s affiliate, Anchorage Digital Bank National Association, became the first federally chartered crypto bank in 2021 and is now well-positioned to lead stablecoin issuance and related services following the passage of the GENIUS Act in July.

Read more