Altcoin News: Visa Took Part in the $40 Million Investment Land of Crypto-Custodial Firm Anchorage

July 10, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Company Anchorage, providing crypto-custodian services to institutional investors, closed the round collecting Series B funding at $40 million.

As reported by Anchorage, the current round was led by Blockchain Capital, and among its other members were Visa and existing investors such as Andreessen Horowitz. The total amount of funds raised by Anchorage from 2017 amounted to $57 million.

“Our mission at Anchorage is to advance institutional participation in the digital asset class, and this funding will improve our ability to do precisely that. To have the support of pioneering organizations like Visa and Blockchain Capital is a validation of Anchorage’s vision for the emerging economy of digital assets”— said the co-founder and president of Anchorage Diogo Monica.

Anchorage plans to implement support for “all digital assets”, as well as integrate its products into services of third-party financial companies and improve auditing capabilities.

This is Visa’s first direct investment in a crypto-custodial firm. In 2015, the payment giant, along with Nasdaq and Citi, however, already participated in the $30 million round of investment collection of blockchain-start-up Chain.

Author: Marko Vidrih