Private Equity Giant KKR Plans to Back Anchorage Fundraise at $3B Valuation: Report

Private Equity Giant KKR Plans to Back Anchorage Fundraise at $3B Valuation: Report

Private fairness agency KKR plans to lead a Series D funding spherical for crypto platform Anchorage, according to a person quotes by The Information. The funding would reportedly push Anchorage up to a roughly $3 billion valuation.

  • San Francisco-based Anchorage is a crypto custody platform that lets institutional buyers safely maintain and use crypto. Anchorage was the primary crypto agency to obtain a U.S. federal banking constitution from the Office of the Comptroller of the Currency, making Anchorage the primary nationwide digital asset financial institution.
  • In October, sources instructed CoinDesk that Anchorage was planning to increase a big new funding spherical at a $2 billion to $3 billion valuation.
  • Anchorage raised an $80 million Series C in February of this 12 months, however didn’t disclose the valuation at that point.
  • KKR had $459 billion in belongings below administration as of its third-quarter outcomes reported earlier this month. In September, the agency made its first blockchain-related funding by backing the flagship fund of ParaFi Capital, which focuses on decentralized finance markets. KKR additionally reportedly established a working group devoted to figuring out the very best use circumstances for blockchain know-how.

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