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Anchorage Digital

Regulated crypto platform

201-500 employees
  • Fintech
  • B2B
  • Cryptocurrency
  • SaaS
221 Pine St, San Francisco, California, 94104, United States

Company mission

To help institutions participate securely in digital assets, by setting a new standard for crypto finance.

Insights

Top investors

Few candidates hear
back within 2 weeks

-5% employee growth in 12 months

Otta's take

Sam Franklin headshot

Sam Franklin

CEO of Otta

Anchorage is a crypto-native digital asset platform offering a raft of solutions that help companies leverage blockchain technologies. Their advanced security architecture facilitates streamlined access to the complex and fragmented digital asset space.

Financial backing for Anchorage has come from prestigious investors Visa and Andreessen Horowitz. Anchorage's broad offerings are set to be matched by plans to partner across a wide spread of neobanks, challenger & incumbent banks, and corporate treasurers. This would mean an impressive expansion of their already substantial domain of influence in a rapidly developing sector.

In early 2021, Anchorage secured a national trust charter from the OCC, making it the first-ever federally chartered digital asset bank. This is significant, as it provides a good barrier to entry for other companies looking to compete in this space, and gives legacy institutions the ability to offer digital asset access to their clients. Though it has raised considerable funding in the past, crypto instability and wider macroeconomic challenges forced Anchorage to cut 20% of its staff in March 2023. 2022 clampdowns on customer due dilligence internal controllers added more pressure on Anchorage to streamline and refocus its efforts.

Benefits

  • 100% health, dental, and vision coverage for employees and their dependents
  • 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
  • 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

Funding (last 2 of 4 rounds)

Dec 2021

$350m

SERIES D

Feb 2021

$80m

SERIES C

$487m

Total funding

This company has top investors

Founders

Diogo Mónica

(President)

Former advisor and board member at Jscrambler and advisor at StackRox with Phd in Computer Science at Instituto Superior Tecnico.

Former director at Vendor Security Alliance and Docker. Former Security Engineering Manager at Square.