Crypto custodian and bank Anchorage raises $80 million in a Series C funding round
February 25, 2021, 10:48AM EST
1 min read
Cryptocurrency custodian and banking company Anchorage announced Thursday that it raised $80 million in a Series C funding round.
The round was led by Singaporean sovereign wealth fund GIC, with participation from a16z, Blockchain Capital, Lux, and Indico.
With fresh capital at hand, Anchorage looks to expand its custody and banking services among institutional customers.
"This new round of funding will help us help institutions participate in new ways — by bringing crypto to their users, by diversifying their corporate treasuries, and by enabling a wide range of emerging use cases," said Anchorage co-founders Diogo Mónica and Nathan McCauley.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.