Institutional crypto bank Anchorage Digital is preparing for a significant fundraising round as it positions itself for a possible public listing. According to people familiar with the matter, the company is exploring a capital raise between $200 million and $400 million, with an Initial Public Offering targeted for 2026. This move reflects growing confidence in regulated crypto infrastructure amid improving policy clarity in the United States.
Federally Chartered Crypto Bank Expands Stablecoin Strategy
Anchorage operates through Anchorage Digital Bank National Association, the first federally chartered crypto bank in the US, a status it secured in 2021. Following the passage of the GENIUS Act in July, the company aims to become a leading stablecoin issuer, viewing digital dollars as a core growth driver. Management plans to double the size of its stablecoin team this year to meet rising institutional demand.
According to a Bloomberg report on Friday;
Beyond stablecoins, Anchorage provides custody, trading, staking, and wealth management services to banks, hedge funds, and venture capital firms. Recent expansions include acquisitions in advisory services and token lifecycle management, strengthening its end-to-end crypto offering. A notable partnership with Tether is also set to introduce a US-focused stablecoin product.
Anchorage previously raised $350 million in late 2021, reaching a valuation of over $3 billion. As other major crypto firms also prepare for public listings, Anchorage’s planned raise signals increasing institutional maturity across the digital asset sector.
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