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Visa, Blockchain Capital back $40 million round for crypto custodian Anchorage

by Yogita Khatri

July 10, 2019, 8:00AM EDT  ·  2 min read

Quick Take

  • Institutional crypto custody provider Anchorage has raised $40 million in Series B funding
  • The investment is led by Blockchain Capital, with participation from Visa and existing investors such as Andreessen Horowitz

by Yogita Khatri

July 10, 2019, 8:00AM EDT  ·  2 min read

Anchorage, the cryptocurrency custody provider for institutional investors, has raised $40 million in Series B funding, according to an announcement on Wednesday. 

Payments giant Visa and venture firm Blockchain Capital have backed the round, with participation from existing investors such as Andreessen Horowitz (a16z Crypto).

It is interesting to note that Anchorage, Visa and Andreessen Horowitz are all validator nodes for Facebook’s upcoming cryptocurrency Libra.