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- Crypto.com Custody now supports institutional-grade staking and asset management on the TON Blockchain.
- TON Foundation joins Crypto.com Custody to boost secure access to its growing blockchain ecosystem.
Crypto.com has expanded its institutional support to the TON blockchain through its Crypto.com Custody service—a digital asset storage platform designed to meet the needs of institutions and high-net-worth investors. The latest partnership sees the TON Foundation become a new client using the service to securely store and manage their assets.
Institutional Users Gain Easier Access to the TON Ecosystem
But it’s not just about storing. Through this custodian service, institutional users can also stake TON tokens without having to move their assets from storage. This means they can still enjoy potential returns without sacrificing security.
In addition, the system opens up access to Jettons on the TON network, including support for USDT and other stablecoins that may be launched in the future. Simply put, it makes it much easier for institutions to enter the TON ecosystem.
According to an official statement, Crypto.com wants to strengthen its position as a platform that is not only secure but also flexible for big players.
Eric Anziani, the company’s President and COO, said that they are continuously investing to ensure that their platform can accommodate global needs, from security to technical capabilities. And the presence of the TON Foundation as a new client seems to be a validation of these efforts.
In addition, the unique architecture of the TON Blockchain allows the processing of millions of transactions per second through a sophisticated sharding system. For investors who are hungry for speed and efficiency, TON is a promising field.
But yes, the market does not always move based on technology alone. Although this collaboration sounds promising, the price of TON has actually fallen 5.46% in the last 24 hours and is still around $2.79. It could be that investors still need time to really digest what this development means in the medium term.
Crypto.com Expands Reach With Key Global Partnerships
Looking back, Crypto.com’s steps to expand institutional access have actually been going on for the past few months. In mid-June, CNF reported that Securitize confirmed that BUIDL tokens can now be used as collateral on the Crypto.com and Deribit platforms.
Interestingly, BUIDL is backed by US government bonds, and can be used for advanced trading strategies. This means that it is not just ordinary crypto, but an asset that has a “real world” basis.
Additionally, in May, Crypto.com partnered with Canary Capital to launch the first CRO-based investment product accessible to accredited investors in the United States. The trust allows investors to gain exposure to CRO tokens—without having to hold or manage the crypto directly. So, you can sit back and enjoy your exposure to the market.
Also in the same month, the Dubai government also officially partnered with Crypto.com to enable payments for public services using crypto. The system is automated—converted directly to UAE dirhams (AED). The program is in line with Dubai’s ambitious goal of achieving 90% cashless transactions across the public and private sectors by 2026.