XION (XION) Expands Into Institutional Markets With Support From Anchorage Digital

XION (XION), a blockchain focused on bridging Web2 and Web3, has announced that Anchorage Digital, the first and only federally chartered crypto bank, now supports its native token

XION (XION), a blockchain aiming to bridge Web2 and Web3, has announced that Anchorage Digital, the first and only federally chartered crypto bank, now supports its native token.

According to the reports, the integration follows XION’s milestone of becoming the first Title II-compliant Layer-1 (L1) blockchain and provides a safe and regulated way for institutional asset holders to hold, stake, and trade XION.

As such, XION will be seamlessly available for institutional investors to acquire, hold, and manage their assets without needing to rely on traditional exchanges.

This partnership simplifies institutional onboarding and ensures compliance with evolving regulatory frameworks, ultimately promoting blockchain technology as a valuable tool in mainstream finance.

Burnt Banksy, Founder of XION, highlighted the significance of the development in an interview.

“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. With trusted platforms like Anchorage Digital, the gap between the legacy web and the next generation of blockchain applications is being narrowed,” said Banksy.

At the same time, XION’s blockchain infrastructure has already been adopted by a number of brands and projects, including Uber, Amazon Prime, BMW, Marvel Rivals, Lacoste, and The North Face.

Moreover, with its institutional-grade custody solutions, Anchorage Digital is facilitating regulated, traditional financial (TradFi) entities to make initial moves in the Web3 space while remaining compliant with industry standards.

In addition to custody, institutional investors can also stake XION through Anchorage Digital, contributing to network security and earning rewards within a compliant framework.

Furthermore, asset managers and venture firms seeking exposure to XION will benefit from Anchorage’s treasury management, staking, and liquidity solutions, creating a comprehensive ecosystem for seamless participation.

As the preferred cryptocurrency bank in the U.S., Anchorage is expanding its reach in a diverse range of industries, including gaming, metaverse, and NFTs, while also integrating major blockchains like Bitcoin (BTC) and Ethereum (ETH).

With the addition of XION and its potential in institutional trading, Anchorage ensures it remains one of the key links between traditional and decentralized finance (DeFi).