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Digital Asset Banking: The Natives

January 4, 2022, 12:17PM EST • 10 min read Quick Take The US now has 7 crypto-native banks operating under state or federal charters Since OCC regulation on digital banking in July 2020, 2 Wyoming and 3 OCC charters approved Crypto-native banks lead in offering custody, real-time payment and OTC trading solutions Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, …

Crypto bank Anchorage raises $350 million in Series D funding

Anchorage Digital, a federally chartered crypto bank in the U.S., has raised $350 million in a Series D funding round. Private equity giant KKR led the round by investing through its Next Generation Technology Growth Fund II. This is KKR’s first direct equity investment in a crypto firm, said Anchorage. In September, KKR took a stake in the flagship fund of crypto VC firm ParaFi Capital. Other investors backing Anchorage’s Series D include Goldman Sachs, BlackRock, PayPal Ventures, Andreessen Horowitz …