The startup led by Portuguese Diogo Mónica wants to make Portugal the base of operations for expansion in Europe and hire 50 new employees in the country.
Anchorage made headlines in January, when it became the first global cryptocurrency bank approved by the United States regulator. It is back in the news thanks to the successful financing round that it has just announced and that will allow the startup co-founded by a Portuguese to count on 80 million dollars to grow the project.
Portugal will serve as an anchor for the expansion of the business in Europe and Anchorage's plan involves hiring 50 people in the country, over the next two years, to put the strategy in motion. Anchorage is already active in Porto, and now plans to extend offices to Lisbon as well.
The Series C financing round of the North American startup founded by Diogo Mónica was attended by the Singapore sovereign fund (GIC), 16z, Blockchain Capital, Lux and the Portuguese Indico Capital Partners
This amount will serve to ensure the expansion of digital banking services of the company based in San Francisco, California, as explained by the co-founder and president of fintech.
"This new round of investment will allow us to scale quickly, to respond to the growing demand for participation in the space of digital assets, particularly among companies and traditional financial institutions", details Diogo Mónica.
In a statement, the company also explains that it will use the financing to invest in digital assets, support the launch of protocols such as Celo, Filecoin and Oasis or develop partnerships with other fintechs and traditional banks.
"For the near future, the American company also intends to make cryptocurrency lending safe and hassle-free, as well as making the institutional participation of DeFi Platforms (decentralized finance) accessible," he adds.
In January, Anchorage announced the federal approval of Anchorage Digital Bank, the first cryptocurrency bank in the U.S. and shortly thereafter a partnership with Visa that will allow the digital payments giant to integrate digital currencies into its range of services later this year. The partnership is materialized through the Crypto APIs pilot program.
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