![Private-Equity-Giant-KKR-Plans-to-Back-Anchorage-Fundraise-at.jpg Private Equity Giant KKR Plans to Back Anchorage Fundraise at $3B Valuation: Report](https://cryptotoptrends.com/wp-content/uploads/2021/11/Private-Equity-Giant-KKR-Plans-to-Back-Anchorage-Fundraise-at-678x381.jpg)
Private equity firm KKR plans to lead a Series D investment round for crypto platform Anchorage, according to a person quotes by The Information. The funding would reportedly push Anchorage up to a roughly $3 billion valuation.
- San Francisco-based Anchorage is a crypto custody platform that lets institutional investors safely hold and use crypto. Anchorage was the first crypto firm to receive a U.S. federal banking charter from the Office of the Comptroller of the Currency, making Anchorage the first nationwide digital asset bank.
- In October, sources told CoinDesk that Anchorage was planning to raise a large new funding round at a $2 billion to $3 billion valuation.
- Anchorage raised an $80 million Series C in February of this year, but did not disclose the valuation at that time.
- KKR had $459 billion in assets under management as of its third-quarter results reported earlier this month. In September, the firm made its first blockchain-related investment by backing the flagship fund of ParaFi Capital, which focuses on decentralized finance markets. KKR also reportedly established a working group dedicated to determining the best use cases for blockchain technology.
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