Anchorage Digital, the first federally chartered digital asset bank in the U.S., is reportedly planning a significant fundraising round of $200 million to $400 million as a precursor to a potential initial public offering (IPO) in 2026. The rumors, which have not been officially confirmed by the company, highlight the firm's continued strategic expansion within the institutional cryptocurrency sector.
Sources indicate the funds are intended to fuel growth and service expansion before a public share offering. Anchorage Digital, led by CEO Nathan McCauley, achieved a valuation exceeding $3 billion following a $350 million funding round in late 2021 from major investors including KKR, Goldman Sachs, GIC, and Apollo. Despite market volatility, the company is proceeding with its growth plans.
A key pillar of this expansion is its foray into stablecoin issuance. Leveraging its federal charter under the GENIUS Act, Anchorage Digital Bank NA announced a major partnership with Tether Holdings SA in September to launch the USAT stablecoin for the U.S. market. McCauley stated the company aims to substantially expand its stablecoin team over the next year, focusing on secure and compliant digital dollar products.
Company leadership has declined to comment on the specific fundraising or IPO rumors, citing the private nature of the discussions. However, a spokesperson emphasized that 2025 was "a year of scale," marked by acquisitions, major partnerships, and the launch of new business lines like stablecoin issuance to solidify its lead in institutional crypto.
The potential IPO of a major, regulated player like Anchorage Digital could have substantial implications for the crypto market, potentially influencing asset valuations and boosting investor confidence in institutional crypto adoption. The move is being closely watched by investors and partners, given the company's strategic importance and its navigation of the evolving regulatory landscape.
