Diogo Mónica and Nathan McCauley
Just as a lighthouse serves to warn ships of rocky coasts, in 2021, Anchorage lit a path for the crypto industry as the first federally chartered digital asset bank. As we look back at 2021, one pattern emerges: there’s a bright path ahead and we’re proud to be at the forefront with several milestones marking the past year:
As the pandemic persists, we know uncertainty will remain, and that Anchorage must continue to set a regulated, safe course in digital assets. Here are some of our accomplishments over the past year:
Made history with our federal bank charter
In January, we were proud to become the first digital asset bank to receive a federal charter. It is a privilege to pave the way for more institutions to seek rigorous regulatory oversight as we set the highest fiduciary standard in the nation with our charter.
Obtained SOC 1 Type 2 and SOC 2 Type 1 attestation reports
We’re also especially pleased to announce something completely new in this post. Right at the end of December 2021, we received our SOC 1 Type 2 attestation from Ernst & Young. Widely recognized as a marker of excellence in financial services, the SOC 1 Type 2 attestation offers an independent attestation of whether Anchorage controls that support financial reporting are operating effectively during the review period. Additionally, Anchorage obtained a SOC 2 Type 1 attestation around security, availability, and confidentiality around the Anchorage Custodial System.
Expanded our products, partnerships, and teams
2021 was also a celebratory year of business growth in excess of 800% bringing more of the world’s largest institutions to crypto and building bespoke financial services including:
Raised Series C and D funding rounds
Some of the largest names in finance announced their path into crypto this year by investing in Anchorage. In February, we announced our $80 million Series C in a round led by GIC, Singapore’s sovereign wealth fund, with participation from a16z, Blockchain Capital, Lux, and Indico. And weeks before year’s end, we shared the news of our $350 million Series D led by KKR valuing Anchorage at over $3 billion, with participation from prominent firms including Goldman Sachs, Apollo credit funds, Andreessen Horowitz, funds and accounts managed by BlackRock, and Wellington Management. We were pleased to be KKR’s first direct equity investment in a digital asset company, and are privileged to have so many financial powerhouses in our corner.
Leading the pathway forward
At Anchorage, we constantly challenge each other to strive for the best, knowing that we’re blazing a path that others will follow. We’re still at the beginning of building the future of finance, and in the year ahead we expect new precedents to be set in product innovation, regulatory development, and institutional adoption of crypto. We look forward to shining bright in 2022.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.