Anchorage Digital Closes Credit Facility from Neuberger Berman to Offer Institutions Secure Crypto-Collateralized Loans
Anchorage Digital closed a new secured debt facility (“Fund”) from Neuberger Berman Specialty Finance Group, a part of Neuberger Berman, a private, independent, employee-owned investment manager.
The Fund assets provided will be deployed by Anchorage as USD capital loans collateralized by crypto assets. Borrowers are matched through Anchorage’s sophisticated lending solution technology.
“Capital from the Neuberger Berman Fund will help meet the needs of crypto-native institutions in a market sector with significant demand for cash and limited supply available. This partnership offers institutions a new caliber of crypto-collateralized loans, and raises the standard for digital asset finance.”
— Diogo Mónica, President and Co-Founder at Anchorage Digital.
“We are excited to support the expansion of the crypto asset class and working with Anchorage and its team. There is a tremendous opportunity within the digital assets ecosystem and we look forward to its evolution.”
— Peter Sterling, Managing Director, Neuberger Berman.
Anchorage is pleased to offer the benefits of safe, regulated crypto lending opportunities with this additional capital.
About Anchorage Digital
Anchorage Digital is the only digital asset platform designed specifically for institutions that combines the best practices of both modern security and usability with offerings including prime brokerage services and custom API integrations. As the first cryptonative company to receive a banking charter from the Office of the Comptroller of Currency, Anchorage makes crypto safe and accessible for banks, fintechs and other institutions looking to invest in crypto or offer it to their customers. Learn more at anchorage.com and @Anchorage.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies — including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds — on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,400 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $460 billion in client assets as of December 31, 2021. For more information, please visit our website at www.nb.com.
The year 2020 represents the first year that asset managers became eligible for PRI Leader designation, which formerly included asset owners only. The new designation was awarded to only 20 of the 2100+ investment manager PRI signatories. The Leaders’ Group showcases signatories at the cutting edge of responsible investment, and highlights trends in what they are doing. PRI uses signatories’ reporting responses and assessment data to identify those that are doing excellent work in responsible investment — across their organizations and with a focus on a given theme each year. The 2020 theme is climate reporting. Information about PRI Leader is sourced entirely from PRI and Neuberger Berman makes no representations, warranties or opinions based on that information.
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This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
