Anchorage Digital launches TRON custody services for US institutions as first federally chartered crypto bank

By providing custody services for TRON’s native TRX cryptocurrency, Anchorage Digital has become the first federally-chartered U.S. bank to support a TRON-based blockchain and integrate with TRON’s Network Protocol (TRC) to provide institutions with access to TRX using either Anchorage’s regulated asset management platform or Anchorage’s self-custody platform (Porto). In addition, Anchorage is planning to gradually provide custody for TRC20 assets and native staking features for TRC tokens over a series of phased releases. The integration brings one of crypto's busiest networks home to over $86 billion in stablecoins under compliant institutional oversight.

TRON operates as a high-throughput platform primarily used for stablecoin transfers and decentralized applications, processing more volume than many layer-1 rivals. Anchorage positioned the addition as a compliance bridge linking traditional finance with TRON's ecosystem, which has grown steadily despite past regulatory scrutiny around founder Justin Sun. Nathan McCauley, CEO of Anchorage, emphasized this addition as the next step to institutionalizing “one of the largest ecosystems in crypto today.”

A crypto-native company like Anchorage is the first federally chartered bank within the United States of America by the Office of the Comptroller of the Currency (OCC), thus being bound by exactly the same regulations set forth for traditional banks like JPMorgan Chase or Citibank. As such they also have been provided a bank charter and subjected to all federal regulations relating to Bank Secrecy Act (BSA), anti-money laundering (AML) and KYC. This gives them an advantage over state-licensed custodians by having standardized AML/KYC regulations. Anchorage’s platform provides coverage for three of the largest crypto networks, including Bitcoin, Ethereum and Solana and across all layer-2 solutions available for supported crypto networks.

Institutional interest for liquidity in sourcing diverse exposure to cryptocurrencies has greatly increased in recent years; therefore, institutional money is interested in utilizing TRON’s payment utility by staking their coins for an informed return. The timing for this rollout coincides with Wall Street expanding its digital assets business into spot trading, capitalizing on stablecoin custody services. Although Anchorage has no commercial relationship with TRON DAO as a governance body, we performed independent due diligence on TRON prior to granting our approval of TRON for staking.