Anchorage Digital provides institutional access to Babylon Bitcoin staking
Anchorage Digital, the trusted global crypto platform for institutions, has announced support for Bitcoin (BTC) staking on the Babylon bitcoin staking protocol, which is expanding its staking capacity with the beginning of Cap-3 in its mainnet Phase-1. Cap-3 removes previous limitations and enables practical institutional participation.
BTC staking marks a new frontier in digital asset innovation. It allows BTC to be staked natively on the Bitcoin network to provide proof-of-stake security with the ability to collect staking rewards. Through Anchorage Digital, institutions can now access a trusted gateway to participate in the next generation of Bitcoin secured networks.
“Anchorage Digital is committed to driving innovation in the digital asset space and providing our clients with a secure and compliant pathway to participate in the future of decentralized finance. Our support for Babylon BTC staking ahead of the Cap-3 launch exemplifies this commitment, enabling our institutional clients to participate in the evolution of Bitcoin and collect rewards while doing so.”
—Nathan McCauley, CEO and Co-founder, Anchorage Digital
“Anchorage Digital is a great access point for institutional participation in Babylon bitcoin staking. The combination of secure custody and regulatory compliance is one of a kind, making Anchorage Digital an ideal custodial solution for institutions looking to stake Bitcoin using the Babylon protocol.”
—Fisher Yu, Co-founder of Babylon
Interested in staking your Bitcoin as part of Babylon’s Cap-3 launch? Please get in touch.
Disclosures
Custody, settlement, staking, and governance services are offered through Anchorage Digital Bank National Association (“Anchorage Digital Bank”). For institutions participating in custody, staking, or governance with Anchorage’s Singapore entity, those services are offered through Anchorage Digital Singapore Pte Ltd (“Anchorage Digital Singapore”).
Press Contacts:
Anchorage Digital: press@anchorage.com
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.
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 U.S., 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.
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.
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