Institutional encryption hosting company Anchorage completed $4,000 B round of financing, led by Visa, Blockchain Capital and A16Z

According to Coindesk's July 10 report, Anchorage, a company that specializes in providing cryptocurrency services to institutional investors, has just raised $40 million in Series B financing.

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Image source: visualhunt

In a statement on Wednesday, the company said that the current round of financing was led by Blockchain Capital, and Visa and venture capital firm Andreessen Horowitz also participated in the investment. Since 2017, Anchorage has raised $57 million in funding. Its co-founder and president, Diogo Monica, said:

“Our Anchorage's mission is to promote institutional participation in the digital asset class investment. This funding will enhance our ability to achieve this goal as soon as possible. We can get support from venture capital institutions such as Visa and Blockchain Capital, and once again verify the Anchorage pair. The vision of a digital asset emerging economy is promising."

The new investment will be used to expand Anchorage's services, which are planning to support “all digital assets” and integrate its products with other financial services companies to improve auditing and compliance. Terry Angelos, senior vice president and global financial technology director at Visa, said:

“This investment is in line with Visa's global strategy of cooperation and investment with emerging financial technology companies. We are pleased to incorporate Anchorage into our growing portfolio.”

Anchorage is designed and built for the next generation of cryptographic assets. Its hosting solution is popular in Silicon Valley and has been adopted by the Libra Association. The Libra Association is an entity formed by Facebook to manage and develop its recently announced cryptocurrency program.

Monica said that old-fashioned cold storage will not meet the requirements of future cryptographic businesses. He said users want to be able to make voting decisions and governance decisions in various protocols such as Maker and Tezos. In an interview with CoinDesk earlier this year, he said:

"They want to help the agreement succeed; if their private key is just buried in the backyard, they can't do it."

When it comes to why Blockchain Capital is involved in this round of financing, Bart Stephens, co-founder and managing partner of the company, said:

“We believe that Anchorage is the safest place to store digital assets. With advanced security engineering technology, it has a modern cryptocurrency storage system that goes beyond physical cold storage. We are leading this investment because we believe Anchorage will be financial The world has a revolutionary impact."

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