Anchorage Digital, the first crypto company to obtain a US banking charter, said it will add support for the Tron blockchain, starting with institutional custody of 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 will be added later.
Tron has become one of the most widely used networks for moving stablecoins and other digital assets. DeFiLlama data shows that the supply of stablecoins on the network has increased steadily over the past three years and now stands at $86 billion. This represents more than a quarter of the total stablecoin supply.
Anchorage presents the integration as a compliance-focused bridge between traditional institutions and a network that has been widely used in crypto payments. CEO Nathan McCauley said the addition introduces “one of the largest crypto ecosystems in an institutional setting.”
The deployment will be done in stages. First comes TRX custody, with plans to add Tron-based TRC-20 assets later. Next comes staking 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 tokens (SOL), as well as other major layer 1 networks like Avalanche and BNB Chain.
