Crypto.com is expanding its support for The Open Network (TON) Foundation, deepening its commitment to TON’s ecosystem.
As part of this expanded collaboration, TON Foundation has also become a client of Crypto.com Custody, gaining “access to institutional-grade custody solutions for assets on TON Blockchain.”
Crypto.com Custody enables clients to “stake TON and earn rewards while maintaining secure asset storage.”
This integration also provides clients with “access to Jettons on TON Blockchain, including support for USDT and other stablecoins that may be issued on TON in the future.”
These enhancements are part of “a broader set of upcoming initiatives aimed at expanding institutional access to TON’s ecosystem.”
Eric Anziani, President and COO of Crypto.com
“We continuously invest in our institutional custody offering to provide the best-in-class platform that consistently exceeds the needs of institutional clients globally, from security to capability. We are proud to be selected by TON Foundation to support their custody needs, and we are excited to provide seamless access to TON for our custody clients.”
Crypto.com Custody offers custody services to “eligible institutions and high net worth clients through a comprehensive, end-to-end solution with safety and security at its core.”
TON is a high-performance multi-blockchain platform “designed to offer efficient, secure, and scalable blockchain solutions.”
Leveraging a unique architecture, TON is capable of “processing millions of transactions per second thanks to sharding technology, which allows the network to distribute the load across numerous parallel chains.”
Glenn Brown, VP of Business Development at TON Foundation said:
“We are excited to become a client of Crypto.com Custody, which gives us the option of leveraging their institutional-grade solutions to securely manage and engage with assets on TON Blockchain.”
Founded in 2016, Crypto.com claims it is trusted by “more than 140 million customers worldwide and is the industry leader in regulatory compliance, security and privacy.”
Their vision is: Cryptocurrency in Every Wallet.
Crypto.com is committed to accelerating the “adoption of cryptocurrency through innovation and empowering builders, creators, and entrepreneurs to develop a more equitable digital ecosystem.”