Singapore’s GIC leads $106.6m funding in US crypto platform Anchorage

March 4, 2021

Singapore’s sovereign wealth fund GIC has led an $106.6m (US$80m) Series C funding in US-based digital asset platform Anchorage.

Other investors participating in the round include US venture capital firms Andreessen Horowitz (a16z), Blockchain Capital and Lux Capital, as well as Portuguese fund Indico Capital Partners, according to a statement.

The funding will be used to fuel Anchorage’s expansion in helping more customers, especially corporations and traditional financial institutions, participate in the digital asset space.

The company offers crypto-native financial products and services, such as staking, governance, financing and lending, trading, and DeFi (decentralised finance).

It said it will develop at-launch support for new protocols in the coming months while having invested in such support for protocols like Celo, Filecoin, and Oasis.

Copyright © 2021 Deal Street Asia

Published at sbr.com.sg

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