PANews August 25 news, reported by The Block, that the cryptocurrency custody unicorn company Anchorage Digital has established a venture capital department to support early protocol teams. This department is named Anchorage Digital Ventures and will provide funding and strategic support to founding teams building on-chain infrastructure. Anchorage stated that this program aims to help protocols 'be institutionally ready from day one' and provide support beyond financial investment.
Anchorage stated that it is particularly interested in teams dedicated to Bitcoin DeFi, real-world assets, decentralized identity, and other areas that have the potential to become infrastructure. The company also emphasized that projects addressing institutional adoption pain points are its key focus. The program is now open for applications, and some founders will be invited to participate in a demonstration day during Token2049 in Singapore in October, which is limited to invitees. At that time, Anchorage will gradually announce the recipients of funding.