Anchorage, a US-based cryptocurrency custodian service provider backed by payment services firm Visa, raised $80m yesterday in a series C round led by Singapore’s sovereign wealth fund, GIC.
Venture capital firms Andreessen Horowitz, Blockchain Capital, Lux Capital and Indico Capital also participated in the round.
Founded in 2017, Anchorage provides trading and custodian services for digital assets such as cryptocurrencies. Last month, it received approval for a national trust charter, making it the first federally chartered digital asset bank in the United States.
The funding will enable the company to support new digital assets on its platform and help other businesses and financial institutions offer cryptocurrency services.
Blockchain Capital led a $40m series B round for Anchorage in mid-2019 that included Visa and Andreessen Horowitz, the latter having led a $17m series A round in 2018 that also featured Khosla Ventures, #Angels and angel investors Max Levchin, Elad Gil, Mark McCombe and Naval Ravikant.