Chartered Crypto-Startup Banks on Indiana’s Thriving Tech Community, Top Talent
Anchorage Digital, a regulated digital asset platform and the first crypto company to receive a federal bank charter, announced plans today to establish operations in central Indiana, creating at least 10 new, high-skill jobs by the end of 2022.
“Indiana is on the cutting-edge of high technology and innovation as more companies like Anchorage Digital join the state’s thriving tech community,” said Dave Roberts, executive vice president of entrepreneurship and innovation for the Indiana Economic Development Corporation (IEDC). “We’re excited to welcome Anchorage Digital, the first of its kind in a rapidly evolving market, to the Hoosier state, and we will continue growing an outstanding tech ecosystem businesses can count on.”
Headquartered in San Francisco, with nearly 200 employees around the globe, Anchorage Digital will invest significant capital to hire top talent in Indiana, allowing the company to expand its technology and services to the Midwest, where it already employs six team members operating primarily out of Indianapolis.
“Indiana’s talent pool is attractive to a growing company like Anchorage,” said Anchorage Digital Co-Founder and CEO Nathan McCauley. “We’re bridging crypto and blockchain with traditional finance and need smart, capable employees around the globe. As a Hoosier myself, hiring in my home state and working with the Indiana Economic Development Corporation to bring education to university students and jobs to Indy tech talent is truly exciting. With our university recruitment specialist right here in Indiana, we plan to heavily focus on engineering and internship opportunities right here in the community.”
Founded in 2017, Anchorage Digital began as a digital asset custody business offering institutions a new way to access and store cryptocurrency. The company has since grown into a full-service financial platform and infrastructure provider serving banks, financial technology (fintech) companies and other institutions. Anchorage’s offerings include custody, trading and lending to help customers manage digital assets and cryptocurrencies.
Anchorage is hiring for several roles across recruiting and human resources, engineering, finance, and customer experience. Interested applicants may apply online. The company is also partnering with universities across Indiana to provide internships and opportunities for new graduates.
In January 2021, Anchorage received the first federal banking charter for a digital bank. Since 2017, the company has raised a total of $487 million with a valuation of more than $3 billion.
“We are excited to welcome an innovative company like Anchorage Digital to Indianapolis,” said Indianapolis Mayor Joe Hogsett. “Their expansion brings jobs to our thriving economy and also marks our city as a leader in attracting cutting-edge firms to our robust tech ecosystem and high quality of life.”
Based on the company’s job creation plans, the Indiana Economic Development Corporation committed an investment in Anchor Labs Inc. (dba Anchorage Digital) of up to $350,000 in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
The city of Indianapolis supports the project in partnership with Develop Indy, the economic development organization for the city of Indianapolis and Marion County. The city of Indianapolis and Develop Indy work together to advise business entities with respect to state and local government incentives for economic development projects. In 2021, this partnership brought 71 relocation and expansion projects, created 4,575 new jobs, and secured $572 million in capital investment for Indianapolis.
About Anchorage Digital
Anchorage Digital is a regulated platform that provides institutions simple and secure participation in digital assets, all integrated with custody. As the first federally chartered crypto bank, Anchorage offers the most advanced digital asset platform for institutions and is setting a new standard for security and usability. With secure custody at its core, Anchorage delivers financial solutions for today and tomorrow. Learn more at anchorage.com and @Anchorage.
About IEDC
The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Brad Chambers, @SecChambersIN, and governed by a 15-member board chaired by Governor Eric J. Holcomb, @GovHolcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.
About Develop Indy Develop Indy attracts and retains business through traditional and non-traditional economic development. We serve as the first stop to navigating the Indy business community, whether a neighborhood resource, local startup, or international firm. Our primary focus is on facilitating long-term investments in competitiveness while ensuring that more residents can connect to economic opportunities. This includes re-orienting existing incentives, introducing new incentives, and building partnerships to help advance community objectives and prioritize inclusivity. Develop Indy is in the business of developing a thriving Indianapolis community.