XION Now Available Through Anchorage Digital’s Platform, Expanding Institutional Access to First Title II Compliant L1

Today, XION is now available for custody, staking, and trading from the Anchorage Digital platform. Anchorage Digital Bank is a qualified custodian for digital assets trusted by top-tier financial institutions, and home to the only federally chartered digital asset bank. 

This asset support expands XION's reach to institutional crypto asset holders at scale for the first time, enabling asset managers, venture capital firms, and ETF providers with large treasuries to securely purchase, custody, stake, and trade XION through Anchorage Digital's platform. 

Institutions can access XION through Anchorage Digital Bank NA, Anchorage Digital Singapore, and the self-custody wallet Porto by Anchorage Digital.

What is Anchorage Digital?

Anchorage Digital, founded in 2017, is home to the first and only U.S. federally chartered crypto bank for digital assets. It provides institutions with the ability to access, custody, stake, trade, and settle digital assets across a variety of networks.  Its robust compliance stature has helped Anchorage Digital attract major financial institutions as both clients and investors, while also serving as a bridge between traditional finance and the emerging crypto economy. 

Operating under national oversight from the Office of the Comptroller of the Currency (OCC), a U.S. federal regulator, Anchorage Digital Bank adheres to strict compliance standards, setting the benchmark for the industry.. 

This makes Anchorage Digital the most trusted partner for institutions looking to navigate the complexities of participation in digital assets, with funding from Visa, a16zcrypto, Goldman Sachs, and KKR. 

Supporting Seamless Institutional Participation in XION 

Institutions can now securely access and hold native XION assets more seamlessly than ever before from the Anchorage Digital platform. Anchorage Digital offers institutional-grade custody for XION, ensuring that assets held by VCs, asset managers, wealth managers, family offices and more are safeguarded under the highest security and compliance standards. With multi-layered security protocols and no reliance on hot wallets, Anchorage Digital’s custody solution offers institutions peace of mind and flexibility, with full access to their XION at all times. 

“Providing secure access to XION from a qualified custodian opens doors for asset managers, venture capital firms, and other institutional participants to engage with the ecosystem,” said Burnt Banksy, Founder at XION. “With trusted platforms like Anchorage Digital, the gap between the legacy web and the next generation of blockchain applications is being narrowed.”

Through Anchorage Digital, institutions can directly acquire XION with tight pricing, and without navigating the complexities of traditional crypto exchanges. This streamlined purchasing process makes it easy for institutional investors to allocate capital into XION with minimal friction and smooth treasury management from a trusted platform.

Institutions can also stake XION through Anchorage Digital to collect rewards. This provides an additional incentive for institutions to secure the XION network while benefiting from long-term rewards generation. 

Anchorage Digital also enables institutions to trade and manage liquidity with XION. This means institutions can seamlessly rebalance their portfolios, execute strategic trades, and manage exposure to XION while benefiting from Anchorage Digital’s deep liquidity and institutional trading infrastructure.

Anchorage Digital’s self-custody wallet, Porto, blends the benefits of self-custody with Anchorage Digital’s security architecture. Institutions can easily access XION from Porto, and participate in dApp interactions.

Institutional Adoption of XION: A Market Opportunity

Institutional confidence in digital assets continues to grow significantly. According to EY's June 2024 report, over two-thirds of institutions now own crypto assets through funds or direct holdings. In 2023 alone, 42% increased their allocations, and with the rise of registered investment vehicles like Bitcoin ETPs, 68% have already invested or plan to do so.

Sygnum Bank's Future Finance Report from November 2024 reinforces this trend, revealing that 57% of respondents are keen to increase their crypto holdings. These statistics represent billions in potential capital inflows from institutional investors, signaling that institutions are not only acknowledging the long-term viability of digital assets but actively seeking opportunities to engage.

This integration strategically positions XION to capitalize on this institutional momentum. Since the recent launch of its open mainnet, XION has seen tremendous growth among global Web2 brands. Companies like Uber, Amazon Prime, BMW, Lacoste, Marvel Rivals, and The North Face have already integrated with XION's blockchain technology, demonstrating its real-world utility and adoption potential.

By adding asset support for XION, Anchorage Digital, a trusted partner for top-tier institutions, opens the door to a broader spectrum of institutional asset holders. Asset managers, venture capital firms, and wealth managers that are bound by strict regulatory requirements can now securely access the XION ecosystem. This will not only enhance XION's liquidity by orders of magnitude but also further establish it as a key player in the Layer 1 ecosystem.

As institutional demand for digital assets continues to rise, this integration places XION at the fingertips of major financial players, creating a foundation for mainstream adoption and sustained growth in an increasingly institutional digital asset landscape.