KKR leads $350M raise for crypto custody bank Anchorage Digital

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Major cryptocurrency exchange, Anchorage Digital, has closed a new $ 3 billion investment.

Anchorage Digital announced Wednesday that it has raised $ 350 million in Series D funding that has prompted the giant to invest in KKR’s capital.

According to the statement, this is the first time KKR has invested directly in the company’s share capital in the crypto industry. The company is investing through the Next Generation II Technology Development Fund, which is dedicated to fostering similar investments in the technology sector.

“As a pioneer in providing investors with access to digital assets, Anchorage has built a global digital property platform at the institutional level that combines best practices with modern security. and ease of use, ”said Ben Pederson, leader of the high -tech development team. , said Ben Pederson.

Many investors from the traditional finance industry and the cryptocurrency industry have also participated in the new growth, including companies such as investment bank Goldman Sachs and crypto companies. Same Bankman-Frieda, Alameda Research. Other investors include capital firm 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 services, as well as further increase its workforce, which has already grown 175% by 2021.

Related: Celsius expands funding to $ 750 million and suggests an estimate of $ 7 billion to $ 10 billion by 2022.

“This funding allows Anchorage Digital to meet unprecedented institutional demand for this fast-growing market,” said Diogo Mónica, co-founder and president of Angorage Digital.

Anchorage was the first crypto company to receive status from the U.S. National Bank’s regulator, the Office of the Auditor General, in January 2021. The company then raised $ 80 million in Series C of at the GIC Wealth Fund in Singapore.

Source: CoinTelegraph

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