Major cryptocurrency custody bank Anchorage Digital has airtight a fresh funding circular, bringing its valuation to over $3 billion.

Anchorage Digital announced on Wed that it had raised $350 million in a Series D funding round led by disinterestedness investment giant KKR.

Co-ordinate to the announcement, this is the first time for KKR to direct invest in disinterestedness in a company in the crypto industry. The company invested through its Next Generation Engineering Growth Fund 2, which is dedicated to developing equity investment in the technology space.

"Equally a pioneer in enabling institutional investors to admission digital avails, Anchorage has built a best in course, institutional-grade digital nugget platform that combines the best practices of both modernistic security and usability," KKR senior leader of engineering growth equity team Ben Pederson said.

The new raise as well included a wide number of investors both in traditional finance and the cryptocurrency industry, including companies such equally Goldman Sachs investment depository financial institution and Sam Bankman-Fried's crypto firm, Alameda Enquiry. Other investors include venture upper-case letter firm Andreessen Horowitz, BlackRock, Blockchain Capital, Delta Blockchain Fund, PayPal and Kraken.

The new funding will aid Anchorage Digital further expand its infrastructure and product offerings as well every bit go along growing its headcount, which has already increased by 175% in 2022.

Related: Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022

"This funding positions Anchorage Digital to meet the unprecedented institutional demand for this speedily evolving market," Anchorage Digital co-founder and president Diogo Mónica said.

Anchorage became the get-go crypto firm to receive a lease from the United States national bank regulator, the Office of the Comptroller of the Currency, in Jan 2022. The house subsequently raised $80 million in a Serial C round led by Singapore's sovereign wealth fund GIC.