Anchorage Digital said Wednesday KKR & Co. (KKR) led a $350 million Series D funding round that values the crypto currency banking company at more than $3 billion. The deal comes 11 months after the company said Anchorage Digital Bank would become a federally chartered bank with fiduciary powers and a qualified custodian for crypto currency assets. Additional investors in Anchorage Digital include Goldman Sachs (GS); Alameda Research; Andreessen Horowitz and Apollo credit funds (APO); as well as funds and accounts managed by BlackRock (BLK); Blockchain Capital, Delta Blockchain Fund; Elad Gil; GIC, GoldenTree Asset Management; Innovius Capital; Kraken; Lux Capital; PayPal Ventures; Senator Investment Group; Standard Investments; Thoma Bravo; and Wellington Management. Anchorage Digital president and co-founder Diogo Mónica said the company's vision is to "expand regulated institutional access to digital assets."
(END) Dow Jones Newswires
December 15, 2021 08:04 ET (13:04 GMT)
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