Anchorage Digital is reportedly seeking to raise between $200 million and $400 million as it prepares for a potential initial public offering. The discussions were reported on January 16, 2026, and Anchorage has been finalizing its valuation approach while continuing to expand its business lines. The company is a New York–based custodian whose affiliate is the first federally chartered U.S. digital‑asset bank, a status that shapes its strategic options.
Anchorage Digital's Fundraising and IPO Plans
The fundraising round — sized at $200M–$400M — is being positioned as part of preparations for a possible IPO next year. Anchorage is reported to be finalizing its valuation strategy as it explores public markets, and the outcome of those internal discussions will inform any timing or size decisions. Any actual fundraising, IPO timing and availability will depend on final valuation, market conditions and applicable U.S. regulatory approvals.
Regulatory Advantages and Stablecoin Issuance
Anchorage’s affiliate holds a federal bank charter for digital assets, which the firm says allows stablecoin issuance under the GENIUS Act. That regulatory position differentiates Anchorage from many custodians and frames its stablecoin plans; for more on the regulatory framework, see GENIUS Act rules published by regulators. The company also announced a partnership with Tether Holdings SA to launch a USAT token for use in the U.S., reflecting a push into regulated token products.
Previous Funding and Growth
Anchorage previously raised $350 million in 2021 in a round led by KKR, and the firm has described recent activity as a year of scale with acquisitions and new partnerships. As part of that expansion, Anchorage acquired Securitize’s wealth arm to deepen its tokenization capabilities, and it has pursued additional moves to strengthen token management and custody. Coverage of the Securitize deal is available in our article on the Securitize platform acquisition, and related developments in token management are discussed in reporting on the company’s other purchases.
Market Conditions and Regulatory Approvals
Anchorage’s ability to complete fundraising or to list publicly depends on several external factors, including final valuation assessments, market conditions and U.S. regulatory approvals. These constraints mean the reported $200M–$400M target represents an intention rather than a confirmed outcome. Observers will be watching how the firm’s regulatory position and recent deals influence investor appetite and valuation work.
Why this matters
For a miner in Russia with anywhere from one to a thousand devices, this news mainly signals how Anchorage is building regulated custody and token products rather than an immediate change to mining operations. Anchorage’s federal charter and push into stablecoins and tokenization may expand the range of custody and payment services available from U.S. regulated providers over time. In the short term, miners should view this as sector-level development rather than a direct operational impact on day-to-day mining.
What to do?
Keep track of official updates about the fundraising and any regulatory approvals, especially if you use U.S.-based custodial or stablecoin services. Review where you store proceeds from mining and consider diversification of custody and payout options to reduce single-provider exposure. Finally, maintain basic operational hygiene for your rigs — firmware, power management and local compliance — so you’re prepared for changes in available services or integrations.
