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Anchorage Digital

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Can Anchorage Digital's OCC-chartered bank infrastructure become the universal regulated operating layer for institutional digital asset finance—from custody and trading to stablecoin issuance and AI-agent-driven capital deployment?

Founded2017
HQSan Francisco, California
FoundersDiogo Mónica, Nathan McCauley
Total raised$580M+
Latest roundStrategic investment, February 2026
Valuation$4.2B (2026)
IndustryFintech / Crypto
The story

Founded in 2017 as an institutional crypto custody provider, Anchorage Digital obtained the first OCC national bank charter for a crypto company in 2021, establishing itself as the regulatory gold standard for digital asset custody. The company progressively expanded from pure custody into an integrated financial platform covering trading, staking, lending, settlement, and USD banking—aiming to be the single federally regulated operating layer for institutions interacting with digital assets. Most recently, it has pushed into stablecoin issuance for banks and 'Agentic Banking,' positioning its regulated infrastructure as the financial rails for AI-agent-driven commerce.

Last 12 months
2026-02
2026-02
2026-05
2026-05
Product timeline
2017
Founded by Diogo Mónica and Nathan McCauley with initial backing from Andreessen Horowitz and Blockchain Capital, focused on institutional crypto custody.· banking
2020
Acquired Merkle Data and expanded into trading and financing services; opened engineering hub in Porto, Portugal.· acquisition
2021
Received OCC national bank charter, becoming the first federally chartered cryptocurrency bank in the United States.· banking
2021
Raised $350M Series D led by KKR at $3B valuation; facilitated Visa's acquisition of a CryptoPunk.· pivot
2023
Partnered with TaxBit to deliver tax and accounting compliance capabilities for RIA clients.· banking
2026
Launched Stablecoin Solutions for Banks for cross-border USD settlement and introduced interest-bearing USD accounts.· banking
2026
Launched Agentic Banking platform and announced strategic partnership with Google Cloud for AI-driven institutional finance.· banking
Regulated entities
5
regulatory licences held by Anchorage Digital
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Anchorage Digital’s embedded-finance stack
Payments / PSP
Anchorage Digital Bank, N.A. (self-operated)Atlas settlement network (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Ledger
in the full report
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: minor
9 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.