Digital asset bank Anchorage Digital is seeking to raise up to $400 million ahead of an initial public offering, Bloomberg News reported on Thursday.
Anchorage was valued at $3 billion in a Series D funding round in 2021.
Industry speculation has long held that Anchorage is considering a listing, but the company has avoided making any official comment. After Circle completed a large IPO last year, investors have also viewed Anchorage as a leading candidate.
Rival BitGo recently filed a listing application with the U.S. Securities and Exchange Commission, and Bitpanda and Kraken are also preparing to go public.
Anchorage has recently accelerated efforts to diversify its business. It strengthened its wealth management business by acquiring Securitize For Advisors, and moved into the token lifecycle management market by absorbing Hedgey.
The Office of the Comptroller of the Currency recently granted conditional trust bank approvals to Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos, setting the stage for competition with Anchorage.
Chi-gyu Hwang
delight@d-today.co.kr