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Digital asset platform Anchorage Digital has raised $350 million in a Series D funding round.
Anchorage is now valued at over $3 billion
The round, led by global investment firm KKR, values Anchorage at over $3 billion. It marks KKR’s first investment in a digital asset company via its Next Generation Technology Growth Fund II.
Other investors who participated in the Series D include Goldman Sachs, Alameda Research, Andreessen Horowitz, Apollo credit funds, Blockchain Capital, Delta Blockchain Fund, Elad Gil, GIC, GoldenTree Asset Management, Innovius Capital, Kraken, Lux Capital, Senator Investment Group, Standard Investments, Thoma Bravo and Wellington Management.
Anchorage offers prime brokerage services and custom API integrations for financial institutions looking to get involved with digital assets.
The fintech says the new funding will support its efforts to “integrate digital assets into the global economy” by providing improved security and easier accessibility for institutions looking to enter the digital asset sphere.
Specifically, the cash will go towards developing custom crypto infrastructure solutions for its global financial services and fintech clients.
Anchorage also intends to grow its workforce and client base as well as expand its product offerings.
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