The main cryptocurrency custodian, Anchorage Digital has closed a new round of funding, raising its valuation to more than $ 3,000 million.
Anchorage Digital announced Wednesday that it has raised $ 350 million in a KKR-led Series D funding round., the investment giant.
Accordig to advertisement, It is the first time KKR has invested directly in capital in a company in the cryptocurrency sector. The company had previously invested through its Next Generation Technology Growth Fund II, which is dedicated to developing investments in technology.
“As a pioneer providing institutional investors with access to digital assets, Anchorage has built a world-class digital asset platform at the institutional level that combines world-class security and modern usage practices“said Ben Pederson, senior leader of KKR’s Tech Growth Capital team.
The new collection also included a large number of investors in both traditional finance and cryptocurrency industries., among which companies such as investment bank Goldman Sachs and cryptocurrency firm Sam Bankman-Fried, Alameda Research stand out. Other investors include venture capital company Andreessen Horowitz, BlackRock, Blockchain Capital, Delta Blockchain Fund, PayPal, and Kraken.
The new funding will help Anchorage Digital continue to expand its infrastructure and product offering, as well as to further increase the workforce, which has already increased by 175% in 2021.
“This financing will enable Anchorage Digital to meet the unprecedented institutional demand in this rapidly evolving market.“Said Diogo Monica, co-founder and president of Anchorage Digital.
Anchorage was the first cryptocurrency company to receive a letter from the United States’ national banking regulator, the Office of the Comptroller of the Currency, in January 2021.. The company then raised $ 80 million in a Series C round led by Singapore’s sovereign wealth fund GIC.