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Digital asset bank Anchorage Digital cuts 17%

PANews reported on October 3 that Anchorage Digital, the first federally chartered digital asset bank in the United States, will lay off 17% of its employees, according to The Information. Anchorage, which was valued at $4.2 billion earlier this year and had about 400 employees globally as of February, will cut about 68 positions. According to previous news, Anchorage Digital has added institutional investor channels for Frgmnt’s stablecoin fUSD.

PANews reported on October 3 that Anchorage Digital, the first federally chartered digital asset bank in the United States, will lay off 17% of its employees, according to The Information. Anchorage, which was valued at $4.2 billion earlier this year and had about 400 employees globally as of February, will cut about 68 positions.

According to previous news, Anchorage Digital has added institutional investor channels for Frgmnt’s stablecoin fUSD.

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