Anchorage Digital Revenue, Valuation, Funding & Investors

LayerZero Labs develops an interoperability protocol for moving data and digital assets across independent blockchain networks. Its software lets asset issuers and application developers build services that communicate across chains without maintaining isolated messaging systems for every network pair. LayerZero uses immutable on-chain endpoints, configurable verification modules and permissionless execution infrastructure to deliver cross-chain messages. Its Omnichain Fungible Token standard allows issuers to deploy assets across multiple networks without fragmenting liquidity. The company also provides Console, an enterprise operating platform through which issuers can configure, manage, monitor and control multi-chain assets. LayerZero serves stablecoin issuers, financial protocols, application developers, wallets, exchanges and other blockchain organizations. Revenue is tied to commercial software, infrastructure services and usage of its cross-chain messaging and execution network.

Paxos is a United States blockchain infrastructure and financial-technology company founded in 2012 and headquartered in New York. The company provides regulated technology for tokenizing, custodying, trading and settling digital assets. Financial institutions and consumer platforms use its application interfaces and operational infrastructure to offer cryptocurrency brokerage, custody and stablecoin services to their own customers. Paxos has issued or supported regulated digital assets including Pax Dollar, Pax Gold, PayPal USD and Global Dollar. It earns fees from infrastructure, custody, issuance, brokerage and transaction services supplied to enterprise clients. At the time of Mercado Libre's investment, customers and partners included PayPal, Interactive Brokers, Bank of America and several global banks. Paxos also powered the Mercado Pago experience that let Brazilian users buy, hold and sell Bitcoin, Ether and the USDP stablecoin from their digital accounts.

2TM is a Brazilian holding company that owns Mercado Bitcoin and other providers of solutions in crypto and blockchain. The group was born in 2013 and describes its flagship platform as the largest digital asset platform in Latin America, with a base of more than four million clients. Its sister businesses include a digital custodian, an asset tokenizer, an equity crowdfunding platform and an educational arm. SoftBank's Latin America fund led a US$200 million Series B in 2021 that valued the group at US$2.1 billion, followed by a US$50.3 million second closing, and Mercado Libre bought shares in January 2022. In 2021 and 2022 the group bought Par Mais, Portal do Bitcoin, Blockchain Academy, CriptoLoja and Wuzu, and it launched a venture unit, 2TM Ventures, in December 2021. The company is registered in Sao Paulo and in July 2026 announced a Series C first closing of about R$100 million led by Tether.

Securitize Holdings Inc provides a platform for tokenized real-world assets specializing in tokenizing real-world assets (RWAs) like funds, equities, and fixed income on blockchain networks. The company operates across two primary verticals: i) Tokenization: It consists of on-chain infrastructure and tokenization & distribution, ii) Asset Servicing: It covers post-issuance transfer agent and fund management services. The majority of the company's revenue is derived from the Tokenization vertical.

Sorare is a Paris fantasy-sports company founded in 2018. Its platform lets users collect officially licensed digital player cards and enter fantasy competitions based on real-world football, baseball and basketball performance. Scarce cards are recorded using blockchain technology and can be bought and sold by users, while free-entry modes broaden access beyond collectors. The company works with professional leagues, clubs and player associations to license teams and athletes. Revenue comes principally from primary sales of digital cards and marketplace-related economics. Sorare has built an international consumer community and combines gaming, sports data, digital collectibles and licensed entertainment content. Official partnerships with leagues and clubs provide intellectual-property rights that distinguish the platform from unlicensed fantasy products.

Bitpanda is a Vienna-based digital asset platform founded in 2014 that allows trading of over 600 cryptocurrencies, fractional stocks from NYSE and NASDAQ, and precious metals like gold and silver. Regulated under MiFID II, it serves more than three million users across Europe with 24/7 mobile trading and staking rewards.

Yuga Labs develops blockchain-based entertainment, digital-collectible and community products. The company launched the Bored Ape Yacht Club in 2021 as a collection of 10,000 non-fungible tokens that also function as membership assets for a holder community. Its portfolio includes the Mutant Ape Yacht Club, Bored Ape Kennel Club, TwelveFold and Otherside, a shared virtual-world and gaming platform. Yuga has also owned or managed intellectual property associated with CryptoPunks, Meebits and other collections acquired from third parties. The company helped launch ApeChain, a layer-two blockchain intended to support gaming, identity, culture and commerce across its ecosystem. It serves collectors, players, creators, tokenholders and consumer-brand partners through digital assets, interactive experiences and licensing programs. Its commercial activity is tied to digital-asset sales, intellectual-property licensing, branded collaborations and participation in its blockchain entertainment ecosystem.

Pipe is a financial services platform that enables subscription-based businesses to access capital by trading future recurring revenue streams with institutional investors through real-time auctions. Headquartered in San Francisco, California, the company processes transactions for SaaS firms, media publishers, and e-commerce operators seeking non-dilutive funding based on annual contract values. Launched in 2020, Pipe integrates with billing systems like Stripe and Zuora to automate revenue verification and payouts, serving over 5,000 companies globally with a marketplace exceeding $3 billion in tradable revenue by 2023.

Binance.US is a privately held United States digital-asset marketplace launched in 2019 and operated by BAM Trading Services. The Miami-based platform provides spot trading, crypto conversion, staking, deposits and withdrawals through web and mobile applications built for United States customers. It supports more than 150 digital assets and serves beginners, active retail traders and institutional market participants. Binance.US uses matching-engine and wallet technology licensed from Binance, but its own support materials identify it as a separate and independent company from the international Binance exchange. The company earns commission and spread-related revenue from trading and other account services, while selected Bitcoin trading pairs are offered without transaction fees. Its compliance program includes federal money-services-business registration and applicable state money-transmitter licensing. The profile refers specifically to the operating exchange at binance.us, not Binance's international platform or investment arm.

Virtu Financial Inc is a financial firm that leverages technology to deliver liquidity to the world-wide markets and transparent trading solutions to its clients. The company's operating segment includes Market Making; and Execution Services. The non-operating segment of the company includes the Corporate segment. The company generates maximum revenue from the market-making segment. The Market Making segment principally consists of market-making in the cash, futures, and options markets across equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland and Other Countries.

Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference.

Tempo is a Layer-1 blockchain protocol optimized for payment applications. Incubated by Stripe and Paradigm, it supports high-throughput transactions with low fees using a proof-of-stake consensus mechanism. The network enables developers to build decentralized payment rails compatible with existing financial infrastructure.

Celestia Labs develops Celestia, a modular layer-one blockchain designed to separate consensus and data availability from application execution. Developers use the network as a base for deploying custom chains and rollups without requiring every application to share one execution environment. The company builds protocol software, data-availability infrastructure, and engineering tools intended to increase blockchain throughput while preserving verifiability. Its strategy also extends toward design and engineering support for organizations that need application-specific chains. Celestia uses data-availability sampling so light nodes can verify that block data was published without downloading every transaction. The company serves protocol developers, digital-asset applications, and enterprises, with commercial activity tied to network usage, infrastructure services, and engineering support around the Celestia ecosystem.

MoonPay is a London-headquartered financial technology company enabling fiat-to-crypto purchases worldwide. The non-custodial platform processes payments via credit cards, bank transfers, Apple Pay, and Google Pay for cryptocurrencies and NFTs. Supporting over 160 countries since its 2019 founding, MoonPay integrates with wallets like MetaMask and Phantom, powering onramps for exchanges and dApps.

Saudi Tadawul Group Holding Co provides trading, clearing, and settlement services in securities in the Kingdom of Saudi Arabia. It also provides services related to innovation in technology. The company's segment includes Capital Markets; Post Trade; Data and Technology Services and Corporate. It generates maximum revenue from the Post Trade segment.

BM&F is the Brazilian Mercantile and Futures Exchange, a derivatives exchange based in Sao Paulo that lists futures and options on interest rates, currencies, indices and commodities. It was founded in 1985 as a member-owned exchange and demutualised in 2007 as part of a conversion to a for-profit company. The exchange also operated clearing services for the contracts traded on it. In 2008 it merged with the Bovespa Holding stock exchange to form BM&FBovespa, which was later renamed B3. General Atlantic held about 5 percent of the combined group. The exchange earned fees on contracts traded and cleared, and its customers were banks, brokers, corporations and investors.

Blockdaemon provides enterprise-grade blockchain infrastructure, managing nodes and payment rails across networks. Los Angeles-headquartered since 2017, it enables seamless chain switching, portability, and DevOps support for the developer ecosystem.

Blockstream is a Bitcoin infrastructure provider founded in 2014 from Montreal, Canada. It develops the Liquid Network sidechain for confidential asset issuance and fast settlements. Blockstream Satellite beams the Bitcoin blockchain worldwide without internet reliance. Additional products include the Green Wallet for non-custodial storage and mining hardware solutions like Blockstream Mining Note.