Anchorage Digital launches Tron custody services, allowing U.S. institutions to hold TRX.

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Gate News reports that Anchorage Digital has announced the addition of support for the Tron blockchain, launching TRX institutional custody services to provide a regulated way for U.S. institutions to hold TRX. Institutional users can securely store TRX through the Anchorage platform and its self-custody wallet, Porto, and plan to subsequently support TRC-20 assets and native TRX staking services, allowing institutions to participate in network validation and earn rewards.

The Tron network has seen increased activity in recent years. According to DeFiLlama, its stablecoin supply has steadily grown over the past three years, now reaching approximately $86 billion, accounting for over a quarter of the global stablecoin supply. Anchorage Digital views this integration as a way to build a compliant bridge between traditional institutions and the Tron network, providing a convenient pathway for institutions to enter the crypto payment and DeFi ecosystem. CEO Nathan McCauley stated that this will bring one of the largest ecosystems in the cryptocurrency space into the institutional framework.

This feature will be rolled out in phases: the first phase will be TRX custody, followed by support for Tron-based TRC-20 assets, and finally the launch of institutional staking services. Through custody and staking, institutions can not only securely hold TRX but also participate in network validation to earn returns, thereby enhancing asset liquidity and yield potential.

Anchorage Digital currently supports multiple mainstream blockchains, including Ethereum, as well as their layer two networks such as Arbitrum, Optimism, Base, and Linea, and supports major layer one networks like Bitcoin (BTC), Solana (SOL), Avalanche, and BNB Chain. This support for Tron will further enrich the crypto asset allocation options for institutional investors and promote a deeper integration of traditional financial institutions with mainstream blockchain ecosystems. (CoinDesk)

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