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Anchorage Digital adds Tron custody, opens U.S. institutional access to TRX trading

CoinDesk
Anchorage Digital will support the Tron blockchain, providing U.S. institutions with regulated TRX custody and future TRC-20 asset and staking access.

Summary

Anchorage Digital, a U.S.-regulated crypto bank, is adding support for the Tron blockchain, beginning with institutional custody of TRX, Tron’s native token. This integration offers institutions a compliant method for holding TRX and will expand to include TRC-20 assets and native TRX staking. The move aims to bridge traditional institutions with the crypto ecosystem, particularly given Tron’s significant role in stablecoin transactions – currently holding over a quarter of the total stablecoin supply at $86 billion. Anchorage CEO Nathan McCauley stated the addition brings “one of crypto’s largest ecosystems into an institutional framework.” The rollout will proceed in stages, starting with TRX custody, followed by TRC-20 asset support, and finally, TRX staking for institutional clients.

(Source:CoinDesk)