Anchorage Digital
Anchorage Digital is a crypto platform for institutions, offering custody, staking, and trading. It operates the first federally chartered crypto bank.
Secondary Market Price
How Anchorage Digital Measures Up
To help you manage your Anchorage Digital equity, Prospect has run the company through our machine learning model.
Prospect Rating
This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series D
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Anchorage Digital Prices
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Company Description
Anchorage Digital is a crypto platform that provides institutional clients with services including digital asset custody, staking, trading, and settlement. The company operates Anchorage Digital Bank N.A., the first crypto bank in the United States to receive a federal charter from the Office of the Comptroller of the Currency (OCC). In addition to its federally regulated bank, the company holds a BitLicense from the New York Department of Financial Services and is licensed by the Monetary Authority of Singapore. Founded in 2017 by Nathan McCauley and Diogo Mónica, Anchorage Digital is headquartered in San Francisco and has additional offices in South Dakota, New York, Singapore, and Portugal.
The company continues to expand its asset support and institutional partnerships. Recently, Anchorage Digital announced it would provide custody for the XDC token in collaboration with the XDC Network and added support for 18 new digital assets. The company also acts as the custodian for the Rex Shares Sol Staking ETF (SSK), the first U.S.-listed exchange-traded fund for SOL staking. In another partnership with Ethena Labs, Anchorage Digital Bank issued USDtb, a stablecoin backed 1:1 by U.S. dollars. In 2022, the company raised $350 million in a Series D funding round, which brought its valuation to over $3 billion.
- KKR
- Goldman Sachs
- Alameda Research
- Andreessen Horowitz
- Apollo credit funds
- Blockchain Capital
- GIC
- Kraken
- Lux Capital
- PayPal Ventures
- Wellington Management
- Co-Founder, Diogo Mónica
- Co-Founder, Nathan McCauley
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Anchorage Digital worth joining?
Deciding if a private company like Anchorage Digital is the right fit involves carefully evaluating the total compensation, especially the equity component. Platforms like Prospect can help you model the potential future value of your equity and understand its tax implications to get a clearer picture of the opportunity.
What should I do with my Anchorage Digital stock?
Managing stock in a private company involves creating a strategy for when to exercise options, how to plan for taxes, and when to sell. Using a tool like Prospect can provide personalized strategies for exercising options and minimizing your tax burden to maximize your take-home value.
Can you sell Anchorage Digital stock?
Selling stock in a private company is typically possible during specific events like tender offers, secondary sales, or after an IPO. Prospect offers tender offer tools to help you decide how much to sell and identify which shares are the most tax-optimal to part with.
How can I find the value of my Anchorage Digital stock?
The value of private stock is not publicly listed and is determined by factors like the company's latest 409A valuation and secondary market transactions. Platforms like Prospect use proprietary predictive models, trained on venture capital data, to help you forecast the potential future value of your shares.
What is Anchorage Digital's equity worth?
The precise worth of private equity fluctuates based on company performance, funding rounds, and market conditions. You can get a personalized estimate by using tools like Prospect, which analyze your specific holdings and model your potential net equity value after taxes.
What is Anchorage Digital's stock ticker symbol?
As a private company, Anchorage Digital is not traded on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are assigned to companies only when they become publicly listed through an event like an Initial Public Offering (IPO).
Can I buy or sell Anchorage Digital stock?
Buying shares in a private company is typically restricted to employees exercising options or accredited investors, while selling is limited to company-approved liquidity events. When an opportunity to sell arises, Prospect provides customized strategies and tools to help you navigate the process in the most tax-efficient way.
What is the criteria to buy or invest in Anchorage Digital stock?
Investing in a private company like Anchorage Digital is generally limited to employees receiving equity compensation or accredited investors participating in private funding rounds. For employees, platforms like Prospect are designed to help manage and maximize the value of that equity, rather than facilitate an initial investment.
