Cobo, a provider of digital asset custody and wallet services, has revealed its decision to back The Open Network (TON). This collaboration enables Cobo to offer its extensive custody solutions on the TON blockchain, covering custodial wallets and multiparty computation wallet technology. Moreover, Cobo will incorporate TON's native Toncoin (TON) token, Notcoin (NOT), and stablecoins like Tether. The integration between Cobo and TON comes in the midst of increasing support for the blockchain within the Web3 community, particularly owing to Telegram's newest advertising platform powered by TON. The primary goal of this integration is to enhance the security and versatility of managing digital assets for institutional customers while expanding Cobo's range of services. While the inclusion of the TON blockchain in Cobo's services can broaden token support, it also poses technical challenges due to TON's multichain structure and sharding technology. As a renowned provider of services for institutional clients, Cobo has a solid track record of regulatory compliance. The approval of Toncoin by the Kazakhstan Financial Services and Regulatory Committee (AFSA) has further fortified Cobo's strategic partnership with TON. With Toncoin making it to the list of 107 approved cryptocurrencies by the Kazakhstan government, this collaboration marks a significant milestone. Despite the flourishing TON ecosystem, there has been a surge in phishing attacks on the blockchain, as outlined by SlowMist founder Yu Xian. Xian highlighted the vulnerability of the Telegram ecosystem to such attacks, particularly concerning users with anonymous phone numbers. These users, lacking SIM card-linked accounts, face heightened phishing risks on the platform. The prevalence of phishing links through message groups and airdrops poses a serious threat to user security. Cobo's commitment to TON integration aligns with its mission to enhance digital asset management for institutional investors while adhering to regulatory standards. The collaboration signifies a strategic move for both parties in the ever-evolving landscape of blockchain technology.