Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation

WHY THIS MATTERS:

Institutional digital assets infrastructure is entering a consolidation phase, where scale, regulation and balance-sheet strength are becoming decisive advantages. As stablecoins move closer to the financial mainstream—particularly in the US—issuers are increasingly relying on federally regulated partners that can meet banking-grade requirements around custody, governance and settlement. This investment highlights how stablecoin ecosystems are aligning more tightly with regulated digital asset banks to support long-term growth and regulatory acceptance. At the same time, employee liquidity events are becoming a marker of fintech maturity, signalling confidence in fundamentals rather than a need for fresh capital. Together, these developments reflect a sector shifting from rapid expansion to durable, institution-first infrastructure built for sustained adoption.

Anchorage Digital has secured a $100 million equity investment from stablecoin heavyweight Tether and has launched its first employee tender offer. 

The investment values the company at $4.2 billion, a significant increase from its $3 billion valuation in 2021, which it achieved following a $350 million Series D funding round led by global investment firm KKR. 

Founded in 2017, Anchorage Digital is the first federally chartered digital asset bank in the US. With offices in Singapore, Portugal, and the US, the company provides institutional clients with crypto services such as trading, staking, custody, settlement, governance, and stablecoin issuance.

The investment comes hot on the heels of Tether selecting Anchorage Digital’s banking subsidiary, Anchorage Digital Bank N.A., as the US stablecoin issuer for its dollar-backed token, USA₮, designed specifically for the American market.

In addition to its Tether funding, Anchorage Digital has launched its first employee tender offer, aiming to “reward the builders who believed early and stayed the course”, says co-founder and CEO Nathan McCauley. 

According to a company statement, given Anchorage Digital’s “strong capital position”, the firm elected to “prioritise employee liquidity rather than raise additional primary capital, enabling team members to sell a portion of their equity at the same $4.2 billion valuation”. 

The tender offer, which follows similar recent initiatives by firms like Stripe and Revolut, “delivers secondary-market price discovery while preserving the company’s long-term capital structure, governance, and independence”, the company adds.

FF NEWS TAKE:

This investment further cements Anchorage Digital’s position at the centre of regulated crypto banking in the US. The combination of strategic stablecoin partnerships and disciplined capital management sends a strong signal to institutions. The next key watchpoint is how US-focused stablecoin issuance scales under full banking oversight as regulatory scrutiny intensifies.

The post Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation appeared first on FF News | Fintech Finance.