Hex Trust has announced its integration with The Open Network (TON) to mark a major milestone in the Web3 ecosystem. Through this strategic partnership, both FinTech companies aim to support and revolutionize decentralized finance (DeFi), custody and staking. Hex Trust is a fully licensed custodian of digital assets, while The Open Network (TON) is a scalable, socially integrated blockchain.
Hex Trust is one of the first custodians to offer access to the full TON stack. It now offers custody and staking for TON, support for Jetton custody, and seamless connectivity to TON DeFi via TON Connect. This partnership underlines Hex Trust’s commitment to improving the secure management of digital assets and broadening institutional adoption of blockchain technologies.
HexTrust ensures the speed and integration of TON
Originally developed by the Telegram Messenger team, TON is now quickly emerging as a revolutionary force in the Web3 landscape. It is known for its unparalleled transaction speed, capable of processing more than 104,000 transactions per second. TON has a multi-chain architecture and advanced sharding technology.
Thanks to its advanced structure, TON can support large-scale decentralized applications (dApps) and services efficiently and reliably. The integration of the blockchain with Telegram has more than 950 million users worldwide. The integration uniquely positions TON as a socially integrated ecosystem primed for exponential growth.
Hex Trust’s integration with TON allows institutional clients to benefit from these advancements. Hex Trust offers safe custody, staking and DeFi solutions. Additionally, it allows users to manage and diversify their digital asset portfolios while participating in TON’s rapidly growing DeFi ecosystem. This provides a streamlined path for institutions to participate in a blockchain network that combines high performance with social media integration.
Hex Trust and TON expand Web3 access
Hex Trust CEO Alessio Quaglini emphasized the importance of this partnership, saying: “We are pleased to become a leading custodian of digital assets for TON. This integration reinforces our mutual commitment to broadening access and driving institutional adoption in the Web3 ecosystem.”
Max Pertsovskiy, COO of the TON Foundation, echoed this sentiment. He emphasizes that Hex Trust’s secure infrastructure is critical for institutions to access TON’s full range of services. He said: “Hex Trust’s industry-leading infrastructure provides institutions with a secure way to access and use the full range of TON services, from Jettons custody to DeFi support. This integration furthers our goal of making TON’s powerful, socially integrated blockchain available to users and businesses around the world.”
With this collaboration, Hex Trust strengthens its position as a leader in the field of digital asset management. TON will benefit from this partnership as it advances its mission to bridge blockchain technology and global communications platforms.