Anchorage's custodian cryptocurrency raised $ 40 million with support from Visa and Blockchain Capital

Anchorage, a company that provides cryptocurrency custodial services for large investors, has raised about $ 40 million in series B financing.

@Anchorage hasn’t been $ 40 million Series B led by @blockchaincap and @Visa . Read more: https://t.co/Jql1VRg0Oo

– Anchorage (@Anchorage) July 10, 2019

Led the round of financing by the payment giant Visa and the venture capital firm Blockchain Capital. Also well-known venture capital firm Andreessen Horowitz (a16z), who had previously invested in the project, also contributed. After a new round, the total investment in Anchorage since 2017 has exceeded $ 57 million.

“Our mission is to expand institutional participation in the digital asset market. Enlisting the support of such advanced companies as Visa and Blockchain Capital is a confirmation of our vision of a developing digital assets economy, ”said Anchorage head Diogo Monica.

It is reported that new investments will be aimed at empowering Anchorage. In particular, the company plans to implement support for “all digital assets”, integrate its solutions into services of other firms providing financial services, and also improve audit and regulatory compliance.

Note that Anchorage, Visa and Andreessen Horowitz are also partners of the recently announced cryptocurrency project Libra from Facebook. However, Visa representatives deny any connection between this partnership and Anchorage investments.

“These investments are in line with Visa’s global partnership strategy and investments in new fintech companies. We are pleased to add Anchorage to our growing investment portfolio, ”representatives of the payment giant said.

Recall that the launch of the Anchorage solution took place at the beginning of the current year.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.