CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
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    Anchorage Digital $350m Series D funding sets $3bn valuation

    By Kevin Donovan

    14:49, 15 December 2021

    Anchorage Digital graphic
    Anchorrage Digital raises $350m in Series D funding for $3bn valuation - Photo: Shutterstock

    Anchorage Digital raised $350m in Series D funding, led by KKR, which values the digital asset platform at over $3bn, the company announced on its blog.

    In addition to KKR, Alameda Research, Andreessen Horowitz, Apollo Credit, Blockchain Capital, Delta Blockchain Fund, Elad Gill, GIC, GoldenTree Asset Management, Goldman Sachs, Innovius Capital, Kraken, Lux Capital, Senator Investment Group, Standard Investments, Thoma Bravo and Wellington Management all participated in the most current funding round.

    “We will benefit greatly from the strategic partnership and global reach of KKR as our lead investor,” said Anchorage Digital co-founders Diogo Mónica and Nathan McCauley in a blog posted on Wednesday. “When we first started Anchorage, we solved for custody with the most secure and safest platform for institutions on the market.”

    San Francisco-based Anchorage Digital plans to use the proceeds to bolster infrastructure and hire staff across all business lines, the company stated. The investment is the first from KKR’s new Next Generation Technology Growth Fund II in the digital asset space.

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    “As a pioneer in enabling institutional investors to access digital assets, Anchorage has built a best in class, institutional-grade digital asset platform that combines the best practices of both modern security and usability,” said KKR Technology Growth Equity Team Senior Leader Ben Peterson in a statement. The Series D funding follows the $80m Series C funding Anchorage Digital secured in February, led by GIC, Singapore’s sovereign investment fund.

    In January, the Office of the Comptroller of the Currency (OCC) granted Anchorage Digital a charter allowing it to convert its chartered trust unit into a bank, named Anchorage Digital Bank.

    Read more:

    KKR’s Q3 earnings boosted by fees, asset sales

    Anchorage has built a best in class, institutional-grade digital asset platform that combines the best practices of both modern security and usability” ~ KKR Technology Growth Equity Team Senior Leader Ben Peterson

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    The difference between trading assets and CFDs
    The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
    You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
    CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
    CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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