Anchorage Digital is seeking to raise $200 million to $400 million ahead of its IPO next year.

According to a Foresight News report, citing sources familiar with the matter, US cryptocurrency bank Anchorage Digital is seeking a new round of funding while exploring potential public listing plans. Anchorage plans to raise $200 million to $400 million ahead of a possible IPO next year and is currently finalizing its valuation.

Anchorage Digital Bank is the first crypto-native bank in the United States to receive a federal license and is regulated by the Office of the Comptroller of the Currency (OCC).