Digital bank and crypto platform Anchorage Digital is getting into the venture capital business with the launch of Anchorage Digital Ventures.
In a blog post, the company stated that it aims to provide early and strategic support to promising protocols. ADV is seeking to support firms as follows:
- Developing technology with the potential to become foundational infrastructure for a growing ecosystem
- Unlocking novel primitives or use cases (e.g., innovations in BTCFi, RWAs, or decentralized identity)
- Addressing a key pain point or friction for institutional participation in crypto
- Solving core technological challenges that create significant efficiency for the entire ecosystem
Applications open today, and Anchorage is hosting a demo day at Token2049 in Singapore with the expectation that some founders will participate at the event.
Venture grants will be announced on a rolling basis.