Visa and venture capital firm Andreessen Horowitz recently participated in a $40 million Series B for Anchorage, a startup that offers an omnimetric blockchain security system. The VC firm also led the $17 million Series A six months ago, showing immense support for the security startup. Visa's investment is great news for both Anchorage and the industry, as Anchorage's co-founder and president said it served as "a validation of the entire ecosystem and a recognition that crypto will play a key role in the future of global finance."
Although Visa has been slow to openly support cryptocurrency, it remains a top patent holder in the sector and holds many payment systems-related documents. Its investment in Anchorage is a sign that Visa's large IP portfolio will be used to help keep its market share of the financial world.
