GIC-backed crypto firm Anchorage Digital raises $350m in funding round led by KKR

GIC-backed crypto firm Anchorage Digital raises $350m in funding round led by KKR

A logo sits on the windows of the offices of La Maison du Bitcoin bank in Paris, France, on Thursday, Nov. 23, 2017. Photographer: Christophe Morin/Bloomberg

Anchorage Digital, a digital asset financial platform, said on Wednesday it raised $350 million in its latest funding round led by private equity firm KKR & Co Inc.

The capital raised by the firm lifted its valuation to $3 billion. Based in San Francisco, Anchorage is a regulated platform that provides both prime services such as custody, lending, and trading, as well as infrastructure, which companies can use to build cryptocurrency products.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter