Anchorage Digital becomes a custodial provider for Babylon bitcoin staking
We're excited to share that Anchorage Digital is becoming a custodian integrated with Babylon bitcoin staking.
Anchorage Digital, a leading institutional-grade crypto platform, is now allowing institutions to stake bitcoin on the Babylon bitcoin staking protocol, starting with Cap-3. Anchorage Digital's status as the first federally chartered digital asset bank ensures that institutions can stake their Bitcoin with confidence thanks to Anchorage Digital's unparalleled level of regulatory compliance and institutional-grade security.
Building on the success of Cap-2, which enabled a TVL of 23,857 BTC (around $2 billion at today’s price), Cap-3 removes previous limitations and enables practical institutional participation.
With Anchorage Digital, institutions can stake their BTC on the Babylon bitcoin staking protocol through Anchorage Digital's custody solutions. Anchorage Digital Bank regulatory compliance information can be read here.
Why does this matter?
Native bitcoin staking: The Babylon bitcoin staking protocol turns bitcoin into a genuine staking asset without having to rely on intermediaries.
Increased accessibility: Cap-3 opens Bitcoin staking to a wider range of participants.
This is a major milestone in our mission to make Bitcoin staking accessible and secure for everyone and we’re thrilled that Anchorage Digital announced support for BTC staking on the Babylon Bitcoin staking protocol!
More about Anchorage Digital
Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the US, Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. 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, on X @Anchorage, and on LinkedIn.
More about Babylon
Babylon is a project that focuses on Bitcoin security sharing protocols with a vision of building a Bitcoin-secured decentralized world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. Babylon combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.
Babylon was founded in 2022 by Stanford Professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering and is renowned as the inventor of the legendary proportional-fair scheduling algorithm for wireless communications. Babylon is led by a team of consensus protocol researchers and experienced layer 1 engineers from around the world.
For more information about Babylon Labs, a developer of the Babylon Bitcoin staking protocol, please visit:
