Anchorage Digital, the first crypto firm to get a U.S. banking charter, said it will add support for the Tron blockchain, starting with institutional custody 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-custody wallet, Porto. Anchorage Digital said support for TRC-20 assets and native TRX staking 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 last three years and now stands at $86 billion. That’s 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 happen in stages. First comes custody for TRX, with plans to add Tron-based TRC-20 assets later. That’s followed by staking for institutions that want to earn rewards while taking part in network validation.
Anchorage already supports major networks including Ethereum and some of the biggest layer-2 networks such as Arbitrum, Optimism, Base and Linea. It also supports bitcoin and solana (SOL) tokens, and other major layer-1 networks like Avalanche and BNB Chain.