Anchorage Digital is considering a new fundraising round as the crypto custodian explores a potential IPO, a sign of growing confidence among regulated digital asset firms despite recent market volatility.

Based in New York, whose subsidiary operates the first federally chartered digital asset bank in the United States, the company plans to raise between 200 million and 400 million dollars before a possible IPO as early as next year, Bloomberg reported.

The timeline and valuation are still under discussion, according to sources. Anchorage has declined to comment on fundraising plans or a potential listing.

The regulation of stablecoins is reshaping growth plans

Anchorage's expansion comes as stablecoins dig deeper into the regulated financial system.

Under the GENIUS Act, signed into law in July, Anchorage Digital Bank NA is part of a limited group of institutions authorized to issue dollar-backed stablecoins in the United States.

This regulatory positioning has brought the company closer to the core of institutional crypto activity, especially as banks, asset managers, and payment companies seek compliant digital dollar infrastructure.

In September, Anchorage announced a partnership with Tether Holdings to support the launch of the USAT token in U.S. markets.

This collaboration has highlighted a broader shift underway in crypto, as federally regulated entities increasingly work alongside major native crypto liquidity providers.

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CEO Nathan McCauley indicated that the company plans to significantly grow its stablecoin team, citing increasing demand for digital dollars following new legislation and renewed institutional interest earlier this year.

Institutional support and market context

Anchorage last raised capital at the end of 2021, securing $350 million in a funding round led by KKR, with participation from Goldman Sachs, GIC, and Apollo Global Management, valuing the company at over $3 billion.

This new fundraising effort comes even as cryptocurrency prices fell at the end of October.

Despite this, infrastructure companies focused on custody, payments, and stablecoins continue to attract investor interest, reinforcing the growing idea that regulated crypto platforms could establish themselves as long-term financial utilities rather than mere cyclical bets.

If Anchorage goes ahead with its IPO, it would mark one of the most significant tests to date on public markets for a federally regulated digital asset bank.

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