Anchorage Digital Expands Institutional Access to Tron Blockchain
- Anchorage Digital will provide institutional custody for TRX, the native token of the Tron blockchain.
- The supply of stablecoins on the Tron network has reached $86 billion, accounting for over a quarter of the total stablecoin supply.
- Support for TRC-20 assets and TRX staking will be introduced in future phases.
- CEO Nathan McCauley emphasized that this integration connects traditional finance with one of crypto’s largest ecosystems.
- Anchorage already supports major networks like Ethereum and BNB Chain.
This move by Anchorage Digital marks a significant step in providing a regulated framework for institutions to engage with the rapidly growing DeFi ecosystem on Tron, which has seen substantial use in crypto payments.
With $86 billion in stablecoin supply, Tron’s network is poised to play a crucial role in institutional cryptocurrency activities as Anchorage rolls out its new services.(Source)
