Anchorage Digital incorporates Tron custody, providing U.S. institutions with access to TRX trading.

The integration offers institutions a compliant method to hold TRX and will be extended to encompass TRC-20 assets and native TRX staking.

(Sajad Nori/Unsplash/Modified by CoinDesk)

Key Information:

• Anchorage Digital, a U.S.-regulated cryptocurrency bank, will begin supporting the Tron blockchain, initially providing custody services for TRX, the native token of the network.
• The integration offers institutions a compliant method to hold TRX and will later be expanded to support TRC-20 assets and native TRX staking.
• This initiative incorporates Tron, a prominent network for stablecoin transactions, into Anchorage’s institutional framework, facilitating a connection between traditional institutions and the cryptocurrency ecosystem.

Anchorage Digital, recognized as the first cryptocurrency firm to receive a U.S. banking charter, announced it will support the Tron blockchain, starting with institutional custody for TRX, the network’s native token.

This announcement offers institutions a regulated means to hold TRX via the company’s platform and its self-custody wallet, Porto. Anchorage Digital indicated that support for TRC-20 assets and native TRX staking will be introduced in the future.

Tron has established itself as one of the most active networks for transferring stablecoins and various digital assets. Data from DeFiLlama reveals that the stablecoin supply on the network has consistently increased over the past three years, currently totaling $86 billion. This figure represents more than a quarter of the overall stablecoin supply.

Anchorage is presenting the integration as a compliance-oriented bridge between conventional institutions and a network that has experienced significant utilization in cryptocurrency payments. CEO Nathan McCauley remarked that this addition brings “one of crypto’s largest ecosystems into an institutional framework.”

The implementation will occur in phases. The first phase includes custody for TRX, followed by the addition of Tron-based TRC-20 assets at a later stage. Subsequently, staking will be available for institutions wishing to earn rewards while participating in network validation.

Anchorage already provides support for major networks, including Ethereum and several of the largest layer-2 networks such as Arbitrum, Optimism, Base, and Linea. It also accommodates bitcoin BTC$67,652.86 and Solana (SOL) tokens, along with other significant layer-1 networks such as Avalanche and BNB Chain.