Tether Makes $100 Million Investment in Anchorage Digital

Tether Investments, a subsidiary of Tether, has recently announced a strategic equity investment of $100 million in Anchorage Digital. Anchorage Digital is recognized as the first federally regulated digital asset bank in the United States, offering services such as custody, staking, governance, and stablecoin issuance to institutional clients.

This significant investment not only strengthens the existing partnership between Tether and Anchorage Digital but also emphasizes a mutual dedication to constructing a secure, transparent, and resilient infrastructure to support the expanding digital asset ecosystem, as stated in an announcement made by both companies.

Paolo Ardoino, the CEO of Tether, expressed his thoughts on the investment by stating, “Our decision to invest in Anchorage Digital underscores our shared belief in the crucial importance of secure, transparent, and resilient financial systems. Anchorage Digital has established itself as a leader in institutional digital asset infrastructure, and we are delighted to contribute to its ongoing success.”

Nathan McCauley, the CEO of Anchorage Digital, acknowledged the value of Tether’s support, affirming the firm’s dedication to building robust infrastructure for digital assets. He emphasized the necessity for secure and regulated foundations to facilitate the scalability of digital assets and highlighted the alliance with Tether as a means to advance infrastructure development for stablecoins and emerging market demands.

Furthermore, Tether’s investment aligns with Anchorage Digital’s plans to explore opportunities in the US public market, with aspirations to raise up to $400 million. This move aims to solidify the company’s position as a federally chartered crypto bank while enhancing its financial capabilities.