Crypto Custody Firm Anchorage Raises $350M Funding at $3B Valuation

Crypto Custody Firm Anchorage Raises 0M Funding at B Valuation
Anchorage Digital has closed a $350 million funding round, valuing the cryptocurrency custody firm at over $3 billion.The Series D funding round was led by global investment firm KKR and included Goldman Sachs, Alameda Research and Andreessen Horowitz among other big names.Multi-billion dollar valuations are becoming the norm for crypto custody specialists like San Francisco-based Anchorage, who will manage digital assets for institutions looking to spice up their clients’ portfolios going forward. Take custody tech providers like Fireblocks and U.K.-based Copper, both of whom recently closed funding rounds, for example.CoinDesk reported in October that Anchorage was raising at a $2…