, and then all the ongoing regulatory uncertainty in the U.S. What are you thinking about amid all of this?I think the best description right now for institutional participation is that institutions are staying, and their growing interest and appetite. The curious thing is that we don't see that from the outside. We, at Anchorage, see it from the inside. As you know, we're institutionally focused.
Prime Trust is yet another reason as to why this is continuing. In Q1, we actually grew over 80% the assets on the platform. We are supposed to be in a bear market, and we almost double in one quarter the amount of assets on platform. So that tells you the narrative.Growing appetite for staking etherYou're a federally chartered chartered digital bank.
However, what we did is from day one, we said, 'hey, if there's no clarity, let's get some regulatory apparatus that allows us to do everything effectively regardless of what the outcome is.' That's what we've done. that just doesn't have the resources. It doesn't have the people. It doesn't have the historical view with the court cases that we do. We have 200 years of federal cases that say exactly what happens in bankruptcy...and by the way, individual states means individual risk. There's a court in that state that can make an arbitrary decision about the outcome of a specific case, like we are seeing with Celsius, like we're seeing with BlockFi. So that is not beneficial to crypto.
But Singapore has definitely done things right. They have a regime that is extremely tough and extremely thorough in the way that they do things.