Anchorage Digital could raise up to $400 million as IPO rumors swirl: Bloomberg

Crypto bank Anchorage Digital is reportedly in the process of raising between $200 million and $400 million in anticipation of a potential initial public offering targeted for next year, according to a Bloomberg report. The firm, which was last valued at $3 billion, has long been speculated to be considering going public. This potential IPO follows a trend, as competitors like BitGo have also filed documentation, and exchanges such as Bitpanda, Kraken, and HashKey are also looking to go public. Anchorage, the first federally chartered digital asset bank, has recently diversified its business through acquisitions in wealth management and token lifecycle management, and has also entered the stablecoin and venture capital sectors. The company faces increasing competition as other firms, including Circle, Ripple, and Paxos, have received conditional approvals from the Office of the Comptroller of the Currency to become trust banks.

(Source：The Block)