Anchorage Digital Expands Institutional Access with XION Support

Story Highlights

• Anchorage Digital allows institutional custody, staking, and trading of XION.
•  XION simplifies Web3 adoption by eliminating wallets, gas prices, and private keys.
•  Major corporations such as Amazon and BMW currently use XION’s blockchain technology.

Anchorage Digital, the original and sole federally chartered cryptocurrency bank, has brought XION, a wallet-less Web2-Web3 bridging blockchain, to the institutional list of supported assets. Institutional investors can now custody, stake, and trade XION securely, further increasing regulated access to digital assets.

Asset managers, venture capital, and ETF providers can now interact with XION without the use of conventional exchanges through Anchorage Digital’s compliant platform. By maintaining stringent regulatory requirements, the integration enables institutional onboarding in an effective way. At the same time, it maintains a safe custodial setup for handling digital assets.

Anchorage Digital Expands Institutional Access With XION

XION, through its Generalized Abstraction approach to simplifying Web3 adoption, removes wallets, private keys, and gas charges. The blockchain is already being utilized by big global brands like Uber, Amazon Prime, BMW, Lacoste, Marvel Rivals, and The North Face. Anchorage Digital’s support enables regulated institutions to join the network securely and comply with requirements.

According to Burnt Banksy, CEO at XION, institutional backing by a licensed custodian like Anchorage Digital simplifies access for asset managers. This support also benefits venture firms. The partnership represents a major step toward bringing together mainstream finance and the next generation of blockchain innovation.

Institutional investors can also stake XION through Anchorage Digital, earning regulated rewards while securing the network. The platform offers a variety of treasury management, staking, and liquidity services. These services are aimed at enabling institutions to navigate digital assets securely.

With institutional demand for digital assets at an all-time high, Anchorage Digital’s integration of XION increases opportunities for regulated financial institutions looking to gain exposure to blockchain technology. The addition of XION is part of the company’s mission to offer secure and compliant digital asset services, allowing institutions to participate with confidence in nascent blockchain networks.