Anchorage Digital, the first crypto firm to get a US bank charter, said it will add support to the Tron blockchain, starting with institutional escrow for TRX, the network’s native token.
The announcement gives institutions a regulated way to hold TRX through the company’s platform and its self-managed wallet, Porto. Anchorage Digital said support for TRC-20 assets and native TRX stakes will be added later.
Tron has become one of the busiest networks for moving stablecoins and other digital assets. DeFiLlama data shows that the supply of stablecoins on the network has grown steadily over the past three years and now stands at $86 billion. That is more than a quarter of the total stablecoin supply.
Anchorage is pitching the integration as a compliance-focused bridge between traditional institutions and a network that has seen heavy use in crypto payments. CEO Nathan McCauley said the addition brings “one of crypto’s largest ecosystems into an institutional framework.”
The rollout will take place in stages. First comes the custody of TRX, with plans to add Tron-based TRC-20 assets later. It is followed by efforts for institutions that want to earn rewards while participating in network validation.
Anchorage already supports major networks, including Ethereum and some of the largest layer-2 networks such as Arbitrum, Optimism, Base and Linea. It also supports bitcoin and solana (SOL) tokens and other major layer-1 networks such as Avalanche and BNB Chain.
