Anchorage
Crypto custodian Anchorage Digital is pursuing $200 million to $400 million in new capital as it prepares for a possible IPO next year. The raise is positioned to strengthen the firm's balance sheet and support growth ahead of a public listing.
Ethena has expanded its custody framework with Kraken, Anchorage and Zodia to safeguard about $5 billion in stablecoin assets as backing shifts into treasury assets. The move is designed to add institutional-grade custody and reassure markets amid the protocol's asset transition.
Bitcoin slipped under $98,000 on Nov. 14 amid a broad crypto selloff, while custody firm Anchorage added 4,094 BTC to its holdings during the downturn. The juxtaposition of heavy selling and sizable institutional buying is drawing market attention.
Mantle has integrated with Anchorage Digital to expand institutional custody and access for the native MNT token. The move aims to accelerate institutional participation and liquidity for Mantle’s Ethereum-based real-world assets ecosystem.