Anchorage Digital, a U.S. crypto platform operating under a federal charter, announced on Thursday that it will support the Tron blockchain developed by Justin Sun, expanding the network’s availability to institutional clients in the United States.
The San Francisco-based firm, which provides custody, settlement and related services to institutional investors including hedge funds and other participants in the crypto sector, said its decision brings Tron into a regulated framework for professional money managers and other financial firms.
Anchorage is the only federally chartered crypto bank in the United States and has positioned itself as a regulated gateway for institutional exposure to digital assets. In a statement, Anchorage co-founder and chief executive Nathan McCauley said:
"By supporting Tron on Anchorage Digital’s regulated platform, we’re helping bring one of crypto’s largest ecosystems into an institutional framework."
Under the arrangement, Anchorage clients will be able to custody Tron’s native token, tronix, on the regulated platform. The company said this capability may facilitate greater adoption of the token by U.S. institutional investors and support Tron’s efforts to expand its presence in the country. The Tron Foundation, which oversees the blockchain network, is based in Singapore.
For U.S. investors today, access to Tron’s token largely occurs via decentralized exchanges that allow users to trade directly on blockchain networks without intermediaries. Anchorage’s move provides an alternative route by offering regulated custody and settlement services to market participants that require institutional-grade controls.
The announcement comes after Justin Sun reached a $10 million settlement earlier this month to resolve charges brought by the U.S. Securities and Exchange Commission. The SEC noted that Sun and his companies did not admit or deny wrongdoing as part of the settlement.
Separately, the broader U.S. policy environment is in focus: President Donald Trump has advocated for the United States to become a global hub for cryptocurrencies and has pledged to revise policies toward digital assets as part of his political platform. Sun, who has been a significant backer of the Trump family crypto venture World Liberty Financial, said in a statement that the partnership with Anchorage will help "expand secure institutional access" to the Tron network.
This development represents a regulatory and market access step for Tron by connecting the blockchain to a federally regulated custodian that serves institutional clients. How quickly institutional demand for custody of tronix develops will depend on client interest and the evolving regulatory and trading landscape for digital assets in the United States.