Anchorage Digital, the federally chartered digital asset bank in the United States, has cut roughly 17% of its workforce. Based on the company’s reported global headcount of about 400 employees in February, that reduction would amount to around 68 positions. Coverage frames the layoffs as a response to sector‑wide cost pressures rather than a single failed product or customer loss, and describes the action as part of a broader restructuring without specifying which teams or business units are being wound down.
Context around the move includes Anchorage’s February 2026 valuation of $4.2 billion after a $100 million strategic equity investment from Tether. During 2026 the firm expanded its institutional product set: a LayerZero partnership to provide cross‑chain stablecoin infrastructure named USAT as an initial use case, Etherlink custody additions that enable institutional clients to hold assets through segregated accounts at Anchorage Digital Bank, and support for assets such as xU3O8 (tokenized uranium) alongside USDT, USDC and others. The company previously reduced headcount in March 2023 by roughly 20% (about 75 employees at the time) and then emphasized a focus on institutional custody and regulated services. Observers will watch for updates on assets under custody, which teams were affected, and any changes at Anchorage Digital Bank.