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.

This round brings San Francisco-based Anchorage’s total funding to date to over $485 million and its valuation to over $3 billion. In February, the firmĀ raisedĀ $80 million in Series C funding but did not disclose its valuation at the time.

Read more/Source: The Block