Crypto.com and TON Foundation have announced a new cooperation that includes asset custody services. This event marks a significant milestone for both organizations.
Cooperation Details
Crypto.com enhances its institutional support for the Open Network (TON) Foundation by adding asset custody services on the TON blockchain. The TON Foundation has become a client of Crypto.com Custody and now has access to a high-security custody infrastructure specifically designed for TON-based tokens.
Security and Services by Crypto.com
Crypto.com Custody clients will be able to stake TON tokens and earn rewards while securely storing their assets. Jettons, local tokens on the TON blockchain, including USDT and other stablecoins, are also supported. "We are proud to be selected by the TON Foundation to support their custody needs," said Eric Anziani, President and COO of Crypto.com.
Overview of TON Foundation
The TON Foundation is a nonprofit organization founded in 2023 in Switzerland. It comprises individuals unified by a belief in developing TON by donating their work to the open-source community and maintaining decentralized governance. The Foundation is not controlled by the TON protocol and does not hold authority over it.
The cooperation between Crypto.com and TON Foundation represents an important step in ensuring the security and availability of assets on the TON blockchain for institutional clients.
