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Crypto Unicorn Anchorage Digital Establishes Venture Capital Department to Support Early-Stage On-Chain Protocols
Summary: According to The Block, cryptocurrency custody unicorn company Anchorage Digital, valued at over $3 billion in its 2021 Series D funding round, has established a venture capital department to support early-stage protocol teams amid a broader downturn in cryptocurrency funding. The department, named Anchorage Digital Ventures, will provide funding and strategic support for founding teams ...
According to The Block, cryptocurrency custody unicorn company Anchorage Digital, valued at over $3 billion in its 2021 Series D funding round, has established a venture capital department to support early-stage protocol teams amid a broader downturn in cryptocurrency funding. The department, named Anchorage Digital Ventures, will provide funding and strategic support for founding teams building on-chain infrastructure. Anchorage stated that the program aims to help protocols be institution-ready from day one and provide support beyond financial investment.
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Link: Crypto Unicorn Anchorage Digital Establishes Venture Capital Department to Support Early-Stage On-Chain Protocols [Copy]
