Anchorage Digital, a regulated digital asset platform and the first crypto company to receive a federal bank charter, announced plans 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. 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.
