The Visa-backed cryptocurrency custodian service provider plans to expand its offering following a round that boosted its overall funding to $137m.

Anchorage, a US-based cryptocurrency custodian service provider backed by payment services firm Visa, raised $80m yesterday in a series C round led by Singapore’s sovereign wealth fund, GIC.

Venture capital firms Andreessen Horowitz, Blockchain Capital, Lux Capital and Indico Capital also participated in the round.

Founded in 2017, Anchorage provides trading and custodian services for digital assets such as cryptocurrencies. Last month, it received approval for a national trust charter, making it the first federally chartered digital asset bank in…