Anchorage Digital US secures $100 million investment from Tether as it sees IPO
Tether, through its investment arm Tether Investments, has made a $100 million strategic equity investment in Anchorage.
The investment not only expands the partnership between Tether and Anchorage Digital, but also reflects a shared commitment to building a secure, transparent and robust infrastructure for the growing digital asset ecosystem, the companies announced in a Thursday announcement.
“Our investment in Anchorage Digital reflects our shared belief in the importance of safe, transparent and robust financial systems,” said Tether CEO Paolo Arduino. “Anchorage Digital has set a strong benchmark for institutional digital asset infrastructure, and we are excited to support its continued growth.”
For Anchorage Digital, Tether's support validates the company's long-term efforts to build a strong infrastructure, said CEO Nathan McCauley.
He pointed out that digital assets require secure and regulated foundations for scaling, and said the alliance will strengthen the collective commitment to accelerate infrastructure development for stablecoins and emerging market needs.
Tether's investment comes as Anchorage Digital plans to hit the U.S. public market and raise up to $400 million, bolstering its position as a federally chartered crypto bank.
