Sunday, August 14

KKR Leads $ 350 Million Raising for Crypto Custody Bank Anchorage Digital By CoinTelegraph

© Reuters. KKR Leads $ 350 Million Raising for Crypto Custody Bank Anchorage Digital

Top crypto custodial bank Anchorage Digital has closed a new round of funding, raising its valuation to more than $ 3 billion.

Anchorage Digital announced Wednesday that it had raised $ 350 million in a Series D funding round led by KKR (NYSE :), the equity investment giant.

  • Anchorage Digital will be in charge of guarding the crypto assets seized by the US Marshals Corps.

According to the announcement, it is the first time that KKR has invested directly in capital in a company in the cryptocurrency sector. The company had previously invested through its Next (LON 🙂 Generation Technology Growth Fund II, which is dedicated to developing capital investments in technology.

Read the full article on Cointelegraph

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