Goldman Sachs and KKR have invested in crypto…

Goldman Sachs and KKR have invested in crypto… post thumbnail image

The valuation of b2b-crypto solutions provider has reached $3 billion.

Cryptocurrency bank Anchorage Digital raised $350 million in a series D funding round. As a result, the crypto custodian’s valuation reached $3 billion.

  • The main investor is investment company KKR. The round was attended by American financiers Goldman Sachs, Alameda Research, Andreessen Horowitz, Apollo, Blockchain Capital, Delta Blockchain Fund, Elad Gil, GIC, GoldenTree Asset Management, Innovius Capital, crypto exchange Kraken, Lux Capital, Senator Investment Group, Standard Investments , Thoma Bravo and Wellington Management.

  • Some of the investors are clients of cryptobanks, Anchorage Digital told TheBlock. Previously, the startup was also invested by the Visa payment system.

  • The funds raised by the cryptobank will be used to support existing b2b services and improve the team, according to the press release. Management plans to double the number of employees to 400 within 18 months, reports TheBlock.

“Anchorage will be a critical part of the digital asset infrastructure,” said Oli Harris, head of North America digital assets at Goldman Sachs.

  • Anchorage has raised $487 million since 2017, according to Crunchbase. Earlier this year, investors invested $80 million in a crypto startup. Cryptobanks haven’t had time to spend these funds, the company said.

Source: Crunchbase.
  • Over the past year, the number of cryptobank clients has grown by almost 1000%, Diogo Monica, co-founder of Anchorage, told TheBlock. Recall that in January, the company received permission from the United States Office of the Financial Supervisory Board (OCC) to operate as a cryptocurrency bank. The OCC license allows traditional financial institutions to use Anchorage’s services.

  • Anchorage aims to create licensed divisions in Asia and Europe, says the crypto firm’s co-founder.

  • Although Anchorage has no plans to go public, the company’s leadership has not ruled out this development scenario in the future.

Recall that this week crypto company NYDIG received an estimated $7 billion in a $1 billion round. The project is involved in connecting American commercial banks to crypto trading systems.

Read also: how American crypto startups are trying to create their own bank.

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