Anchorage Digital to support the Tron (TRX) network, expanding institutional participation
Summary
- Anchorage Digital said it will begin supporting the Tron (TRX) network.
- It said institutional investors will be able to securely store and manage TRX through Anchorage’s compliance platform.
- It said adding support for TRC-20 tokens and TRX staking is expected to increase the likelihood of institutional capital flowing into the Tron network.
Forecast Trend Report by Period
Anchorage Digital, a cryptoasset (cryptocurrency) custody and banking firm, is set to begin supporting the Tron (TRX) network.
According to crypto-focused 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 set to be added, which is expected to lay the groundwork for institutions to participate more actively in the Tron ecosystem.
The move is seen as a factor that could increase the likelihood of institutional capital flowing into the Tron network.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
