Anchorage

Digital asset custody, trading, and staking services

San Francisco, California, United States

About Anchorage

Anchorage provides a digital asset platform that focuses on secure custody, trading, staking, and governance services for cryptocurrencies. The platform is tailored for institutional clients, including hedge funds and venture capital firms, ensuring that their digital assets are managed with high security and operational flexibility. Anchorage's services generate revenue through custodial fees, trading commissions, and staking, while its platform is designed to enhance execution speed and deliver a smooth user experience. What sets Anchorage apart from its competitors is its strong emphasis on security and the ability to cater specifically to the needs of financial institutions. The company's goal is to maximize the value of digital assets for its clients while maintaining industry-standard security.

San Francisco, CaliforniaHeadquarters
2017Year Founded
$473.7MTotal Funding
SERIES_DCompany Stage
Fintech, Crypto & Web3, Financial ServicesIndustries
201-500Employees

Benefits

Health and wellness: 100% health, dental, and vision coverage for employees and their dependents
Parental leave: Family comes first: we offer parental and child bonding leave to all new parents
Meaningful equity: Every team member is a part owner in the company and community that we’re all building together
Remote friendly: We allow employees to work anywhere in the U.S. or Portugal, and have physical workspaces in New York, San Francisco, South Dakota, and Portugal.
Flexible time-off plan: Take time off, guilt-free, so you can recharge when you need to
401(k) plan & FSA account: Building a better financial future starts with our employees

Risks

Increased competition from other federally chartered crypto banks.
Cryptocurrency market volatility affects trading and staking revenue.
Regulatory scrutiny on stablecoins may impact Anchorage's rewards program.

Differentiation

Anchorage Digital is the only federally chartered crypto bank in the US.
The company offers integrated financial services with a focus on institutional clients.
Anchorage Digital provides secure custody, trading, staking, and governance services.

Upsides

Acquiring a BitLicense allows Anchorage to serve New York's institutional market.
Ethereum liquid staking offers liquidity and yield without locking up holdings.
Partnership with PayPal enhances stablecoin rewards, attracting institutional clients.