Anchorage Digital Supports Babylon Genesis for Mainnet Launch
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Anchorage Digital is excited to add support for Babylon Genesis as a day-one integrator of the network’s mainnet launch. Babylon Genesis is designed to bring staking to the Bitcoin ecosystem, enabling token holders to collect rewards on their Bitcoin (BTC).
The launch of Babylon Genesis on mainnet will introduce significant milestones for the protocol, including the activation of BTC staking and the launch of the chain’s native token, BABY.
- With the launch of permissionless BTC staking with Babylon Genesis, Anchorage Digital clients can immediately start participating in this emerging primitive for collecting rewards.
- Anchorage Digital is also adding custody and staking support for BABY.
Babylon Genesis’ mainnet launch serves as a significant milestone as institutions navigate the emergence of BTCFi.
“Anchorage Digital's consistent reliability has been evident from the testnet phase through mainnet. We worked with them early in Babylon Genesis’ launch, which was instrumental in driving institutional participation on the network. We’re excited to continue this journey as Babylon Genesis launches fully on mainnet. We believe that the Bitcoin decentralized finance ecosystem is in its early stages. Firms like Anchorage Digital will be pivotal for its growth.”
— David Tse, Co-Founder of Babylon protocol
“Bitcoin’s role in finance is continuing to evolve beyond a store of value, to an ecosystem with ever-growing use cases. Access to safe and seamless rewards, and new applications that make BTC more useful for people, are critical for driving more adoption. We're excited to support leading protocols like Babylon Genesis, who are helping create a more robust decentralized finance ecosystem on Bitcoin."
— Nathan McCauley, CEO at Anchorage Digital
Secure Bitcoin staking, directly from the Anchorage Digital platform
Once BTC staking goes live for Babylon Genesis in the coming weeks, BTC holders can stake with Babylon directly from the Anchorage Digital platform.
Why should you stake your BTC with Anchorage Digital?
- Rewards: By staking BTC, you can collect rewards on your BTC instead of just holding.
- Day-one support: Stake BTC with Anchorage Digital as soon as it’s available on Babylon. You can also access Babylon’s native token BABY, starting now.
- Finality Provider network: Flexibly stake through Anchorage Digital Finality Providers, through our partner network, or a finality provider of your choice.
- Security: Our robust approach to security involves multiple lines of defense for each transaction, blending hardware security modules with unique quorum-based approvals. Each transaction is reviewed based on biometrics and behavioral analytics.
- Regulatory compliance: Stake through Anchorage Digital Bank NA, the only federally chartered digital asset bank in the US, or Anchorage Digital Singapore, a Major Payment Institution licensed by the Monetary Authority of Singapore.
As a proof-of-work network, Bitcoin doesn’t natively support staking. Innovative projects like Babylon Genesis are changing that, creating mechanisms for token holders to collect rewards on their BTC while maintaining self-custody of their tokens.
If you’re interested in BTC staking from our secure platform, get in touch.
About Anchorage Digital
Anchorage Digital is a global 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, which is licensed by the Monetary Authority of Singapore; Anchorage Digital New York, 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, 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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