Anchorage Digital to support the Tron (TRX) network, expanding institutional participation
Summary
- Anchorage Digital said it will support the Tron (TRX) network and plans to provide institutional-grade custody and infrastructure services.
- It said institutional investors will be able to securely store and manage TRX through Anchorage’s compliance platform.
- It said that adding support for TRC-20 tokens and TRX staking in the future could increase the likelihood of institutional funds flowing into the Tron network.
Forecast Trend Report by Period
Anchorage Digital, a digital-asset (cryptocurrency) custody and banking provider, is moving to support the Tron (TRX) network.
According to digital-asset industry outlet The Block on the 26th (local time), Anchorage plans to provide institutional-grade custody and infrastructure services for the Tron network.
As a result, institutional investors will be able to securely store and manage TRX through Anchorage’s compliance platform.
Support for TRC-20 tokens and TRX staking functionality is also slated to be added in the future, which is expected to lay the groundwork for institutions to participate more actively in the Tron ecosystem.
The move is interpreted as a factor that could increase the likelihood of institutional funds flowing into the Tron network.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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