Anchorage

Anchorage

Digital asset platform for institutional clients

About Anchorage

Simplify's Rating
Why Anchorage is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Fintech

Crypto & Web3

Financial Services

Company Size

201-500

Company Stage

Series D

Total Funding

$487M

Headquarters

San Francisco, California

Founded

2017

Overview

Anchorage provides a digital asset platform that focuses on secure custody, trading, staking, and governance services for cryptocurrencies. Its services are tailored for institutional clients, including hedge funds and venture capital firms. The platform operates with a strong emphasis on security and flexibility, ensuring that clients can manage their digital assets efficiently. Anchorage generates revenue through custodial fees, trading commissions, and staking services. What sets Anchorage apart from its competitors is its commitment to maximizing execution speed while maintaining industry-standard security, creating a seamless experience for users. The company's goal is to unlock the full value of digital assets for its clients.

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Simplify's Take

What believers are saying

  • Partnership with BlackRock positions Anchorage as a key player in digital asset ETFs.
  • Visa's involvement in the Global Dollar Network could boost Anchorage's stablecoin services.
  • Cantor Fitzgerald's selection highlights Anchorage's reputation in institutional crypto custody.

What critics are saying

  • DHS investigation could lead to reputational damage and regulatory penalties for Anchorage.
  • Wind-down of USDM stablecoin may affect Anchorage's revenue and market positioning.
  • Visa's entry into the stablecoin consortium could increase competition for Anchorage.

What makes Anchorage unique

  • Anchorage Digital is the only federally chartered crypto bank in the US.
  • Anchorage offers integrated financial services with a focus on institutional clients.
  • The company combines modern security measures with operational flexibility for digital assets.

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Funding

Total Funding

$487M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$350M
Anchorage

Benefits

Health and wellness: 100% health, dental, and vision coverage for employees and their dependents

Parental leave: Family comes first: we offer parental and child bonding leave to all new parents

Meaningful equity: Every team member is a part owner in the company and community that we’re all building together

Remote friendly: We allow employees to work anywhere in the U.S. or Portugal, and have physical workspaces in New York, San Francisco, South Dakota, and Portugal.

Flexible time-off plan: Take time off, guilt-free, so you can recharge when you need to

401(k) plan & FSA account: Building a better financial future starts with our employees

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -2%

2 year growth

↓ -4%
Bitcoin.com
May 13th, 2025
Anchorage Digital Acquires USDM Stablecoin Issuer Mountain Protocol – Crypto News Bitcoin News

As part of the agreemen will begin "an orderly wind-down" process for USDM, starting with the disabling of new stablecoin minting.

PYMNTS
Apr 14th, 2025
Report: Crypto Firm Anchorage Digital Bank Investigated By Homeland Security

Crypto company Anchorage Digital Bank is reportedly being investigated by the Department of Homeland Security (DHS). The nature of the investigation is not known, but the DHS organization that is running it — the El Dorado Task Force — is dedicated to combating money laundering and other financial crimes, Barron’s reported Monday (April 14), citing unnamed sources. As part of its investigation, the task force has contacted former Anchorage Digital Bank employees and asked about the firm’s practices and policies, according to the report

Crypto News Insights
Apr 14th, 2025
Shocking Anchorage Digital Investigation: Homeland Security Scrutiny Intensifies

Is Anchorage Digital, the Wall Street-backed crypto firm, facing a serious threat?

PYMNTS
Apr 14th, 2025
Report: Visa To Join Global Dollar Network Stablecoin Consortium

Visa is reportedly joining the Global Dollar Network (USDG) stablecoin consortium.The company will become the first traditional finance player to join the consortium that shares out yield to participants that create connectivity and liquidity, CoinDesk reported Monday (April 14), citing unnamed sources.Reached by PYMNTS, a Visa spokesperson said in an email that the company does not comment on rumor or speculation.USDG members include Paxos, Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish and Nuvei, according to the CoinDesk report.It was reported in November that the Global Dollar Network introduced a joint stablecoin pegged to the U.S. dollar and aimed to accelerate the use of stablecoins worldwide and promote an asset that provides proportionate economic benefits to its partners.In a Nov. 4 press release announcing the launch of the consortium, the Global Dollar Network said membership is open to custodians, exchanges, payment FinTechs, merchants, protocols, card networks, banks and investment platforms.It added that the network will focus on the Global Dollar (USDG), which is a stablecoin issued out of Singapore by Paxos.“Stablecoins are replatforming the financial system and revolutionizing how people interact with U.S. dollars and payments,” Paxos CEO and co-founder Charles Cascarilla said in the release. “However, the leading stablecoins are unregulated and retain all the reserve economics. Global Dollar Network will return virtually all rewards to participants and is open for anyone to join.”Stablecoins have started to decouple themselves from crypto exchanges and position themselves as a component of real-world financial infrastructure, PYMNTS reported in March.This change comes amid signs of broader adoption of stablecoins in mainstream financial activities including B2B payments, capital markets, lending, cross-border payments and treasury management.Visa launched a new platform in October that enables banks to issue fiat-backed tokens, such as stablecoins and tokenized deposits.The Visa Tokenized Asset Platform (VTAP) is designed to use the payment company’s expertise in technologies like smart contracts to let banks issue and transfer fiat-backed tokens over blockchain networks.“Visa has been at the forefront of digital payments for nearly 60 years, and with the introduction of VTAP, we are once again setting the pace for the industry,” Vanessa Colella, global head of innovation and digital partnerships at Visa, said at the time

Decrypt
Apr 8th, 2025
Blackrock Taps Anchorage Digital As Bitcoin, Ethereum Etf Custodian

Digital asset trust bank Anchorage Digital will safeguard some of the Bitcoin and Ethereum held by BlackRock’s exchange-traded funds, according to two Securities and Exchange Commission filings submitted on Tuesday.A digital asset trust bank is like a regular bank, but it’s allowed to hold cryptocurrencies on behalf of clients, while Anchorage also specializes in staking, trading, and governance.The world’s largest asset manager may use several custody accounts at the San Francisco-based bank to maintain funds for its $45 billion iShares Bitcoin Trust ETF, or IBIT, and $1.8 billion iShares Ethereum Trust ETF, or ETHA, BlackRock stated in the filings.Anchorage’s arrangement with BlackRock underscores the asset manager’s “ongoing risk management approach” and “expanding presence in the digital asset space,” BlackRock stated.BlackRock had already tapped crypto exchange Coinbase as a custodian for its two crypto funds, alongside several other asset managers that launched new products for the industry’s two largest cryptocurrencies by market value last year.“We are excited by the opportunity to set a new standard for tailored access to the digital asset class,” Anchorage co-founder and CEO Nathan McCauley said in a statement. “We are helping BlackRock to meet client demand for today and tomorrow.”So far, Coinbase has been dominant in securing billions of dollars' worth of digital assets for the Wall Street products. Asset manager VanEck custodies its Bitcoin ETF with crypto exchange Gemini, while financial titan Fidelity self-custodies the BTC backing its Bitcoin fund.Anchorage entered into a custody arrangement with crypto asset manager 21Shares in September, safeguarding funds for its spot Bitcoin and Ethereum ETFs. The digital asset trust bank also began supporting tokens on layer-1 network Aptos, including BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), in December.BlackRock’s custodial arrangement with Coinbase will not be affected by the firm’s new deal with Anchorage, which received its federal charter from the Office of the Comptroller of the Currency (OCC) in January 2021, the asset manager said.BlackRock isn’t planning on moving funds to Anchorage from Coinbase, but it can decide how funds are split between the two firms at its “sole discretion,” the asset manager stated.Edited by Stacy ElliottDaily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more

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