Tungsten Custody Solutions, a prominent digital asset custodian, has received approval from FSRA ADGM to offer custody services for Toncoin (TON). This signifies Tungsten's reputation as a trusted custodian for institutional clients.
Expanding Institutional-Grade Custody for Toncoin
Toncoin (TON) is widely used within the Telegram ecosystem, serving as the primary cryptocurrency for non-fiat payments on the platform. Tungsten's FSRA-regulated custody offers institutional investors and enterprises secure storage for Toncoin, with robust compliance oversight and risk management.
Statements from Tungsten and TON Foundation Leaders
Jose Aguinaga, Senior Executive Officer of Tungsten Custody Solutions Ltd, commented on the regulatory approval milestone, emphasizing Tungsten's dedication to providing institutional-grade custody solutions. Manuel Stotz, President of TON Foundation, added that the approval marks increasing institutional interest in Toncoin and blockchain innovation in Abu Dhabi.
Enhancing Abu Dhabi’s Digital Asset Ecosystem
This approval aligns with ADGM's growing prominence as a global leader in virtual asset regulation, ensuring Toncoin holders have access to secure, regulated custody services. As more blockchain foundations and institutional investors establish themselves in Abu Dhabi, Tungsten remains dedicated to providing secure and scalable custody solutions.
Tungsten Custody Solutions' approval to custody Toncoin highlights Abu Dhabi's effort in creating a secure and transparent regulatory environment for blockchain innovation.
