Crypto company Anchorage raises $350 million at $3 billion valuation

Crypto company Anchorage raises $350 million at $3 billion valuation

Less than a year after raising an $80 million Series C round, Anchorage is announcing that it has raised a $350 million Series D round. With today’s funding round, the company has reached a valuation of more than $3 billion.

Anchorage offers a custody solution for big institutions, such as publicly traded companies or funds. On top of that, Anchorage lets you trade crypto assets, stake assets to earn returns and participate in protocol governance if you own a lot of tokens for a specific protocol.

For instance, one transaction has been particularly commented. Back in August, Visa acquired a CryptoPunk for 49.5 ETH. At the time, it represented around $150,000. Behind the scenes, Anchorage handled the transaction for Visa.