Anchorage Digital Expands Custody Services to Tokenized Uranium and Etherlink Assets
Anchorage Digital Bank, the first federally chartered crypto bank in the US, has expanded its custody services to include tokenized uranium represented by xU3O8 and several other assets on the Etherlink and Tezos networks. This development provides institutional clients with segregated account custody for tokenized commodities and crypto assets in a federally chartered bank environment.
Expansion of Custody Assets at Anchorage
Anchorage Digital Bank has broadened its institutional custody portfolio by supporting seven tokens on the Tezos layer-2 network and Etherlink, including xU3O8, a token symbolizing ownership of physical uranium.
Other additions include wrapped XTZ (WXTZ), liquid staking token stXTZ, stablecoins such as USDT, USDC, USDSM, and wrapped Ether (WETH), enhancing Anchorage’s custody offering.
Tokenized Uranium and Its Benefits
The xU3O8 token grants investors exposure to physical uranium ownership without the need to handle or store the commodity itself. With a current market capitalization over $9 million, it provides a new avenue for commodity investment.
Traditionally, investing in physical uranium involved specialist intermediaries, lengthy settlement processes, and high minimum investment requirements. Anchorage emphasizes that through tokenization, asset transfer and settlement times are drastically shortened from weeks to minutes.
Why it matters
The addition of tokens like xU3O8 highlights increasing institutional interest in tokenized commodities. This development signals that federally chartered crypto banks are adapting to integrate real-world assets, simplifying institutional access through innovative custody and settlement technologies that drastically speed up and reduce the costs of these processes.
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