Anchorage Crypto Bank Introduces Venture Capital Division to Support Next-Generation Protocols

New Venture Launch: Anchorage Digital Ventures has launched to fund and advise projects focused on building core blockchain infrastructure, aiming to make protocols ready for institutional use from the outset.

Market Context: This initiative comes at a time of sluggish venture activity in the crypto space despite a rally in digital asset markets, with Anchorage joining other major players like Coinbase and Circle in establishing in-house VC arms.

Focus Areas: The venture will prioritize investments in Bitcoin DeFi, tokenized real-world assets, decentralized identity, and tools that facilitate institutional adoption of blockchain technology.

Demo Day Event: Selected projects will receive mentorship and support, culminating in a private demo day at Token2049 in Singapore, where finalists will present their innovations to industry leaders before receiving grants.