Anchorage Digital Bank N.A. Expands Custody Support for SPL Tokens on Solana
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Today, Anchorage Digital Bank N.A., the only federally chartered crypto bank, is announcing expanded support for the Solana ecosystem. In addition to native SOL, institutions can now custody SPL tokens from the safety and security of Anchorage Digital Bank. The SPL token standard governs how tokens and NFTs on the Solana network operate, ensuring interoperability across the ecosystem.
As a clear-cut qualified custodian, Anchorage Digital Bank works with leading crypto protocols to streamline institutional participation via custody, staking, treasury management, and other services. Anchorage Digital Bank has supported native SOL custody since 2022 and staking since 2023. The addition of SPL token support marks the latest in our work to meet rising institutional demand for access to the Solana ecosystem.
“For institutions, having safe and secure access to leading networks like Solana is essential. By adding support for SPL tokens, Anchorage Digital Bank is unlocking a new era for institutional participation across the Solana ecosystem. We are proud to add additional support for Solana as Anchorage Digital works to meet institutional demand for safe, secure, and regulated crypto.”
— Nathan McCauley, CEO and Co-Founder of Anchorage Digital
SPL tokens are used across the Solana network for a wide range of use cases, including dApp participation, tokenization, payments, governance, and more. The addition of SPL custody support at Anchorage Digital Bank marks the latest move in institutional adoption for Solana, which in January 2024 launched token extensions to meet the needs of enterprises building in the ecosystem.
To learn more about the digital assets Anchorage Digital supports, please visit: https://www.anchorage.com/assets-supported.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, X, YouTube, and LinkedIn.
Press Contacts:
Anchorage Digital
press@anchorage.com
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
