- Crypto.com Custody now supports setting up institutional quality and assets management on the Ton Blockchain.
- Ton Foundation joins Crypto.com Custody to stimulate the secure access to the growing blockchain ecosystem.
Crypto.com has expanded its institutional support to the Ton Blockchain via its crypto.com Custody Service-a Platform for Digital Assets that is designed to meet the needs of institutions and investors with a high network value. In the latest collaboration, the Ton Foundation becomes a new customer who uses the service to safely store and manage their assets.
Institutional users get more access to the TON -Ecosystem
But it’s not just about storing. Institutional users can also set up Ton -Tokens via this custodian without having to move their assets of storage. This means that they can still enjoy potential returns without sacrificing safety.
In addition, the system opens access to Jettons on the TON network, including support for USDT and other stablecoins that can be launched in the future. Simply put, it makes it much easier for institutions to enter the Ton ecosystem.
According to an official explanation, Crypto.com wants to strengthen its position as a platform that is not only safe, but is also flexible for major players.
Eric Anziani, the President and COO of the company, said they are constantly investing to ensure that their platform can meet global needs, from security to technical possibilities. And the presence of the Ton Foundation as a new customer seems to be a validation of these efforts.
In addition, the unique architecture of the Ton Blockchain makes the processing of millions of transactions per second possible via an advanced Sharding system. For investors who are hungry for speed and efficiency, Ton is a promising field.
But yes, the market does not always move on the basis of technology alone. Although this collaboration sounds promising, the Ton Prize has actually fallen 5.46% in the last 24 hours and there is still $ 2.79. It is possible that investors still need time to really digest what this development means in the medium term.
Crypto.com is expanding the reach with important global partnerships
Looking back, the steps of Crypto.com are to expand the institutional access in recent months. In mid-June, CNF reported that Securitize confirmed that Buidl-Tokens can now be used as collateral on the platforms of Crypto.com and Deribit.
It is interesting that Buidl is supported by US government bonds and can be used for advanced trade strategies. This means that it is not only ordinary crypto, but an active with a “real world” basis.
In addition, Crypto.com worked with Canary Capital in May to launch the first CRO-based investment product that is accessible to accredited investors in the United States. With confidence, investors can get exposure to CRO tokens – without keeping or managing the crypto. So you can sit back and enjoy your exposure to the market.
Also in the same month, the Dubai government also officially collaborated with Crypto.com to make payments for public services possible with the help of Crypto. The system is automated – directly converted into the VAE Dirhams (AED). The program is in accordance with the ambitious goal of Dubai to reach 90% Cashless transactions in the public and private sectors by 2026.