Crypto.com Custody Expands TON Foundation Collaboration for Institutional-Grade Services

Crypto.com Custody has announced an expanded collaboration with the TON Foundation, further integrating the institution into its custody services. This move allows the TON Foundation to access institutional-grade custody solutions, enhancing its ability to manage and secure digital assets. The integration is part of a broader effort by Crypto.com Custody to support institutional clients with robust and secure custody services, ensuring that their digital assets are protected with the highest standards of security and compliance.

The collaboration between Crypto.com Custody and the TON Foundation underscores the growing trend of institutional involvement in the cryptocurrency space. As more institutions seek to adopt digital assets, the demand for reliable and secure custody solutions has increased. By partnering with Crypto.com Custody, the TON Foundation gains access to a trusted platform that can handle the complexities of institutional custody, including regulatory compliance and asset security.

This integration is significant for both parties. For Crypto.com Custody, it represents an expansion of its client base and a reinforcement of its position as a leading provider of institutional custody services. For the TON Foundation, it provides a secure and compliant solution for managing its digital assets, allowing it to focus on its core mission of developing and promoting the TON ecosystem.

The move also highlights the importance of institutional-grade custody solutions in the cryptocurrency industry. As digital assets become more mainstream, institutions are increasingly looking for ways to securely manage and store their holdings. Crypto.com Custody's expanded collaboration with the TON Foundation demonstrates its commitment to meeting the needs of institutional clients and providing them with the tools they need to succeed in the digital asset space.

Crypto.com Custody clients will be able to stake TON tokens and get rewards using this cooperation to store their TON assets in a safe environment. Access to Jettons, or tokens local to the TON Blockchain, are now also supported, including USDT and any other stablecoins that might be deployed to the network. Such improvements will help Crypto.com on its wider mission of making the blockchain ecosystem of TON available to institutions.

“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,” said Eric Anziani, President and COO of Crypto.com. “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 provides safe custody to institutional and high net worth clients. The platform also offers complete custody experience that is end-to-end offering focus on security, functionality, and fluid asset interactions.

The Open Network (TON) is an efficient scalable blockchain network that was designed to be highly efficient and safe. Due to its special design that uses sharding to operate, the TON Blockchain is capable of involving millions of transactions simultaneously, thereby spreading computational demands over countless parallel chains. This architecture turns TON into the infrastructure that is highly suitable to small and large-scale decentralized applications.

“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,” said Glenn Brown, VP of Business Development at TON Foundation.

Individuals who want to know more about accessing custody services of TON and other cryptocurrencies can contact crypto.com/custody. Organizations that intend to collaborate with Crypto.com should contact partners@crypto.com.

Crypto.com was established in 2016 and currently has more than 140 million users all over the world and the best compliance, data protection, and platform security in the industry. As a firm with the mission of bringing Cryptocurrency to Every Wallet, the firm helps decide at mass levels through product innovation, as well as enables developers and entrepreneurs to become part of building an open, fair digital economy.

The TON ecosystem has its own nonprofit Open Network Foundation (TON Foundation) based in Switzerland and started in 2023. It consists of a people who are united in a belief to develop TON by donating their work to the open-source community and by maintaining decentralized governance. Although it agrees with the concept of TON and its expansion, the foundation is not under control of the protocol and does not form authority over it.