Support for Solana (SOL) from the USA's First National Cryptocurrency Bank!

Cryptocurrency custodian Anchorage received approval from the US Office of the Comptroller of the Currency (OCC) in 2021, becoming the first national digital asset bank of the USA.

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Since then, crypto custody provider Anchorage has announced that it has expanded custody support for tokens on the Solana (SOL) blockchain.

Federally chartered cryptocurrency bank Anchorage will allow its clients (ranging from venture capital firms to hedge funds to protocol treasuries) to deposit tokens that meet the Solana-SPL standard.

Anchorage CEO Nathan McCauley said the company will provide custody support for tokens that comply with Solana's SPL standard, including USDC, HNT, W, PYTH and MPLX.

“Enterprise demand for access to the Solana ecosystem is increasing.

That's why Anchorage Digital Bank, the only federally chartered crypto bank, announced expanded custody and staking support for the Solana ecosystem.

In addition to the native token SOL, institutions can now store SPL tokens from the safety and security of Anchorage Digital Bank

Anchorage is proud to expand custody and staking support for seven SPL tokens in addition to SOL.

The addition of SPL token support is the latest in our work to meet growing institutional demand for access to the Solana ecosystem. “

Anchorage CEO Nathan McCauley said in a statement: “For enterprises, safe and secure access to leading networks like Solana is essential. Anchorage Digital Bank is adding support for SPL tokens, ushering in a new era of enterprise participation across the Solana ecosystem. Anchorage “We are proud to add additional support to Solana as Digital works to meet enterprise demand for safe, secure and regulated crypto.”

Anchorage CEO added that they plan to expand their custody service support in the future, based on customer demand and comprehensive due diligence.

Anchorage, which launched storage support for Solana-based tokens in 2022, added staking support last year.

Institutional demand for access to the @solana ecosystem is increasing.

That’s why @Anchorage Digital Bank is proud to expand custody and staking support for seven SPL tokens in addition to @solana 's native SOL token.

Learn more ⬇️: https://t.co/5ot0H6W6le pic.twitter.com/20ut3k5PVg

— Anchorage Digital (@Anchorage) August 6, 2024

*This is not investment advice.