crypto company anchorage raises $80 million after getting federal banking charter
Anchorage Secures $80 Million in Series C Funding
Anchorage has successfully completed a $80 million Series C funding round. This investment was spearheaded by GIC, the sovereign wealth fund of Singapore.
Notable participants in this funding round include Andreessen Horowitz, Blockchain Capital, Lux, and Indico.
Rationale Behind the Investment
The core rationale driving this funding is straightforward. Several prominent companies, including Tesla and Square, have begun allocating capital to cryptocurrencies.
These firms are strategically converting a segment of their cash reserves into digital assets. Consequently, investors are increasingly focusing on companies facilitating cryptocurrency integration into cash management – Anchorage being a key example.
From Custody Solution to Digital Asset Bank
Initially, Anchorage provided a secure cryptocurrency custody solution. This service safeguarded digital assets for clients, relieving them of the complexities associated with wallet management and key security.
However, Anchorage has since evolved, obtaining a federal banking charter and transforming into a fully-fledged digital asset bank.
Regulatory Approval and Investor Confidence
Receiving regulatory approval is expected to significantly bolster confidence within the market. Institutional investors are actively seeking reliable cryptocurrency partners as they explore the digital asset landscape.
Expanding Financial Product Offerings
Beyond custody services, Anchorage now provides a range of financial products. These include staking and crypto lending options.
The company’s ambition is to establish itself as a comprehensive platform for institutional investors seeking exposure to digital assets.
Crypto-Banking-as-a-Service
Anchorage is also pursuing a strategy of becoming a crypto-banking-as-a-service provider.
The startup envisions itself as the preferred cryptocurrency partner for both emerging challenger banks and established traditional financial institutions.
Romain Dillet
Romain Dillet: A Profile of a Leading Tech Journalist
Romain Dillet served as a Senior Reporter for TechCrunch until April 2025. Throughout his tenure, he became a recognized authority within the technology sector.
Extensive Experience and Expertise
Having authored more than 3,500 articles, Dillet has cultivated a strong reputation as a key voice concerning European technology. His areas of expertise are broad, encompassing startups, AI, fintech, privacy, security, blockchain, mobile technology, social media, and related fields.
Dillet’s thirteen years with TechCrunch have made him a well-known figure in tech journalism. He began his career at the publication at the age of 21, consistently providing coverage of Silicon Valley and the wider tech landscape.
Recognized Authority in the European Tech Scene
Currently based in Paris, Romain Dillet is widely regarded by many within the tech community as the most informed tech journalist in the city. His insights are highly valued.
Early Identification of Key Startups
A notable skill of Dillet’s is his ability to identify promising startups at an early stage. He was the first journalist to report on Revolut, Alan, and N26, all of which have become significant players in their respective markets.
Furthermore, he has broken exclusive stories regarding major acquisitions made by industry giants such as Apple, Microsoft, and Snap.
Technical Depth and Historical Perspective
Beyond his journalistic skills, Romain Dillet is also a proficient developer. This technical understanding allows him to analyze the underlying mechanisms of new technologies effectively.
He also possesses a comprehensive understanding of the computer industry’s evolution over the last 50 years. This historical context enables him to discern connections between innovations and their societal impact.
Educational Background and Philanthropic Work
Romain Dillet is a graduate of Emlyon Business School, a prominent French institution specializing in entrepreneurship.
He actively supports several non-profit organizations, including StartHer, which focuses on the education and empowerment of women in technology, and Techfugees, dedicated to assisting displaced individuals through technology.