Anchorage Digital reportedly eyes up to $400M funding round before IPO

Cryptocurrency bank Anchorage Digital is considering a new funding round of between $200 million and $400 million ahead of a potential initial public offering (IPO), Cointelegraph reported. The company is said to be in discussions to raise capital with the goal of going public as early as 2026. Anchorage Digital, which specializes in custody, trading, and staking services for institutional clients, is also focusing on expanding its stablecoin business following the passage of recent U.S. stablecoin legislation. The company stated that it plans to double the size of its stablecoin team this year.