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Crypto firm Anchorage announced that it had raised $350 million in funding. The latest investment round saw participation from KKR, Goldman Sachs, and other leading financial giants. The $350 million round valued the company at nearly $3 billion. In an interview with the crypto news outlet Decrypt, Diogo Monica, CEO of Anchorage, said that the company plans to use the Series D investment to facilitate its clients and expand its offerings substantially soon.
Anchorage became the first crypto bank to receive conditional approval from the OCC.
Earlier this year, Anchorage became the first crypto bank to receive conditional approval from the Office of the Comptroller of the Currency (OCC), an independent bureau within the US Treasury Department. In February, the crypto startup also raised $80 million in a Series C funding round led by Singapore’s sovereign wealth fund, GIC. Along with KKR and Goldman Sachs, the recent Series D funding round also saw participation from Alameda Research, Andreessen Horowitz, BlackRock, Blockchain, Kraken, and PayPal Ventures.
Monica highlighted the importance of regulatory clarity for the growth of cryptocurrencies.
In an interview with CNBC, Monica also highlighted the importance of regulatory clarity for the growth of digital assets. “Regulation is necessary and regulatory clarity is good for the industry because it allows innovation. The digital asset industry wants to know what the rules of engagement are. I would like to point that Anchorage is the first and only federally chartered crypto bank. We went towards being regulated by the OCCC because we believe in this, we believe in clarity,” Monica added. As far as crypto assets are concerned, the US market witnessed significant growth with record trading volumes, all-time high digital assets under management, and record new users.
