Anchorage Digital, AngelList Partnership Enables Investors to Invest with USDC
AngelList users have existing exposure to sector-focused venture capital funds, like 6529 NFT Fund and Curated Fund. But through a new partnership with Anchorage Digital, AngelList users are now able to go beyond investing in the digital asset ecosystem, and actively participate in it, by using the USDC stablecoin to fund their special purpose vehicles (SPVs) and funds of choice via the Ethereum network.
Both San Francisco-born companies have earned a reputation for bringing novel technologies and companies into the mainstream: As home to the first operational federally-chartered digital asset bank, Anchorage Digital is the leading OCC-supervised on-ramp for traditional financial institutions to participate in the crypto economy. AngelList has supported investments into companies that have grown from fledgling startups to economic powerhouses reshaping their industries around the globe, from Robinhood to Uber. Additionally, both companies have partnered with Layer2 Financial, a Toronto-based Crypto Banking as a Service platform, to provide crypto-specific account subledgering and onboarding services.
By allowing seamless USDC investment into startups, AngelList and Anchorage Digital are bridging the gap between fiat currency and VC funding. This allows those interested in funding crypto innovation to deposit USDC easily. The fully automated, platform-wide rollout will allow all businesses–not just those that are crypto-native–to accept USDC as a funding option. In the fast-moving and hypercompetitive world of VC and tech startups, the efficiency created by blockchain-based transactions is likely to come as a welcome upgrade for forward-looking founders and funders alike.
“This partnership paves the way for a more effective, efficient, and transparent system of funding the world’s most promising new businesses–and there’s no better trailblazer than AngelList to take this giant leap forward for the industry."
— Diogo Mónica, President and Co-Founder, Anchorage Digital
“Anchorage Digital and Layer2 infrastructure accelerated our implementation efforts to launch USDC alongside fiat as an investment option on the AngelList platform. We look forward to expanding the partnership across other use cases on the platform.”
— Avlok Kohli, CEO, AngelList
As part of the partnership, Anchorage Digital is providing digital asset custody and execution services for AngelList. USDC trades sync with AngelList’s systems daily via API.
If you’re interested in learning more about our services, please get in touch.
About Anchorage Digital
Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
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