Digital asset platform Anchorage Digital has raised $350 million in a Series D funding round.
The round, led by global investment firm KKR, values Anchorage at more than $3 billion. This is KKR’s first investment in a digital asset company through its Next Generation Technology Growth Fund II.
Other investors who participated in Series D include Goldman Sachs, Alameda Research, Andreessen Horowitz, Apollo Credit Funds, Blockchain Capital, Delta Blockchain Fund, Elad Gil, GIC, GoldenTree Asset Management, Innovius Capital, Kraken, Lux Capital , Senator Investment Group, Standard Investments, Thoma Bravo and Wellington Management.
Anchorage offers top-notch brokerage services and custom API integrations for financial institutions looking to get involved in digital assets.
The fintech says the new funding will support its efforts to “integrate digital assets into the global economy” by providing improved security and easier accessibility for institutions looking to enter the digital asset sphere.
Specifically, the money will go towards developing custom crypto infrastructure solutions for its global financial services and fintech clients.
Anchorage also intends to grow its workforce and customer base as well as expand its product offering.