Anchorage Digital Eyes $400M Fundraise Ahead of IPO

Anchorage Digital, the first crypto bank approved by the U.S. government, is making bold moves to enter the U.S. public markets. According to a Bloomberg report, the company is planning to raise about $200 million to $400 million as it is now planning its own initial public offering (IPO) scheduled for 2027.

Interestingly, this move reflects the company’s rapid growth and rising interest in crypto companies among investors.

Anchorage Fundraising Would Support Its Growth

Founded as a crypto-native financial services firm, Anchorage has become a key player in institutional-grade crypto custody, staking, and trading. The company has made headlines, particularly when it became one of the first crypto firms to receive a federal banking charter in the U.S.

Notably, Anchorage plans to use the money raised from the IPO to support its long-term growth and improve its products. These upgrades will improve the platform security, enhance system performance, and support future product development.

Additionally, an IPO would make the company part of a select group of crypto firms aiming for public markets. If successful, it could lead to a reopening of capital access for digital asset companies, particularly as regulatory clarity increases in major regions.

Anchorage Joins the Top Stablecoin Companies

Last year, Anchorage Digital issued a new digital dollar called USDtb, created by Ethena Labs. With the crypto bank’s help, USDtb will be launched safely and legally in the United States.

It is worth noting that USDtb is not just another digital dollar. It is a yield-bearing token backed primarily by BlackRock’s BUIDL fund and crypto assets, rather than traditional cash reserves. With this step, Anchorage is now part of a group of prominent names like Circle, Tether, and PayPal that already offer stablecoins. No doubt, Anchorage and Ethena Labs are helping build a safer and more open future for digital dollars.

U.S. IPOs Surge as Crypto Companies See Mixed Results

Similarly, BitGo, a leading crypto custodian, is making bold moves to enter the U.S. public markets. On September 19, 2025, BitGo filed an S-1 registration with the U.S. Securities and Exchange Commission. The filing reveals that the California-based firm plans to list its Class A Common Stock on the New York Stock Exchange (NYSE) under the ticker BTGO.

Meanwhile, BitGo’s timing aligns with a surge in U.S. IPO activity. In the crypto space, Circle Internet Group Inc. achieved a 365% gain above its IPO price after a $1.2 billion offering in June 2025. However, Gemini Space Station Inc., led by the Winklevoss twins, fell 14% since its $446 million IPO.

Recall that HashKey Global, a major Asian digital asset firm, filed to launch its IPO in Hong Kong. As part of the IPO, HashKey will issue 240.57 million shares worldwide. The company plans to use the money raised from the IPO to support its long-term growth.