Anchorage Digital's newly established venture capital department supports early on-chain protocols

According to reports, the cryptocurrency custody unicorn company Anchorage Digital has established a venture capital department, Anchorage Digital Ventures, to support early-stage protocol teams. This department will provide funding and strategic support to startup teams building on-chain infrastructure. Anchorage stated that the program aims to help protocols 'be structurally prepared from day one' and offer support beyond financial investment. Anchorage is particularly interested in teams dedicated to Bitcoin DeFi, real-world assets, decentralized identity, and other projects with the potential to become infrastructure. The company also emphasized that projects addressing institutional adoption pain points are its primary focus. The program is now open for applications, and some founders will be invited to participate in a showcase day for invitees only during Token2049 in Singapore in October. At that time, Anchorage will gradually announce the recipients of the funding.