Anchorage Digital, the only federally chartered, crypto-focused national trust bank in the United States, is cutting approximately 17% of its workforce due to cost pressures affecting the entire sector. This layoff round is part of a broader restructuring: the company previously reduced its staff by about 20% in March 2023, then refocused on institutional custody and regulated services, with its banking arm, Anchorage Digital Bank N.A., untouched at the time. Its valuation reached $4.2 billion after Tether’s investment in February 2026. No exact headcount or details on which teams are affected have been disclosed for this latest round.
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