Crypto.com Adds TON Blockchain Support to Institutional Custody Service

Crypto.com has expanded its custody service to include support for the TON Blockchain, marking a significant enhancement in its institutional offerings. This integration allows clients to stake TON tokens and earn rewards while ensuring the security of their assets. The TON Foundation has become a client of Crypto.com Custody, gaining access to a robust and secure institutional-grade custody infrastructure designed to support TON-based assets.

This partnership enables Crypto.com Custody clients to stake TON tokens, a process that involves holding and locking up a certain amount of cryptocurrency to support the operations of the blockchain network. In return, stakers receive rewards, typically in the form of additional tokens. This feature is particularly appealing to institutional investors who aim to maximize their returns while maintaining the security of their assets. Additionally, clients can access Jettons, the native tokens of the TON Blockchain, including USDT and other stablecoins deployed on the network. These enhancements are part of Crypto.com's broader mission to enable institutional users to interact with the TON blockchain ecosystem.

The addition of TON to Crypto.com Custody Service is strategically significant for several reasons. Firstly, it allows clients to stake TON tokens, generating rewards and providing a secure environment for asset storage. Secondly, it offers clients access to a growing ecosystem supported by the TON blockchain, which includes a wide range of decentralized applications (dApps) and services such as decentralized finance (DeFi) platforms and non-fungible token (NFT) marketplaces. By integrating TON, Crypto.com positions itself as a comprehensive solution for institutional investors seeking to engage with the broader crypto ecosystem.

This move underscores Crypto.com's commitment to innovation and staying ahead in the rapidly evolving crypto industry. The company has been actively expanding its services to meet the needs of institutional clients, who require secure and reliable custody solutions. By integrating TON, Crypto.com not only enhances its service offerings but also demonstrates its ability to adapt to the changing landscape of the crypto market. The addition of TON to Crypto.com Custody Service aligns with the growing demand for institutional-grade custody solutions that can support a wide range of blockchain networks. By offering staking and secure storage for TON tokens, Crypto.com meets this demand and positions itself as a leading provider of custody services for institutional clients. This strategic move is likely to attract more institutional investors to the platform, further solidifying Crypto.com's position in the market.