Hex Trust and The Open Network (TON) Integration: Revolutionizing DeFi, Custody, and Staking
Hex Trust recently made a groundbreaking announcement regarding its integration with The Open Network (TON), marking a significant milestone in the Web3 ecosystem. This strategic collaboration between the two FinTech firms aims to support and revolutionize decentralized finance (DeFi), custody, and staking. Hex Trust, a fully licensed digital asset custodian, has partnered with TON, a scalable, socially integrated blockchain, to enhance secure digital asset management and broaden institutional adoption of blockchain technologies.
Hex Trust is proud to be one of the first custodians to offer access to the complete TON stack. This integration now allows Hex Trust to provide custody and staking for TON, support for Jettons custody, and seamless connectivity to TON DeFi via TON Connect. This partnership underscores Hex Trust’s commitment to empowering users to manage and diversify their digital asset portfolios while participating in TON’s rapidly expanding DeFi ecosystem.
TON, originally developed by the Telegram Messenger team, is gaining recognition as a revolutionary force in the Web3 landscape. Known for its unparalleled transaction speed, TON can process over 104,000 transactions per second. With a multi-chain architecture and advanced sharding technology, TON can support large-scale decentralized applications (dApps) and services with efficiency and reliability. The integration with Telegram, boasting over 950 million users worldwide, positions TON as a socially integrated ecosystem poised for exponential growth.
Hex Trust’s integration with TON enables institutional clients to capitalize on these advancements. By offering secure custody, staking, and DeFi solutions, Hex Trust empowers institutions to engage with a blockchain network that combines high performance with social media integration. This seamless pathway for institutions to access TON’s services is crucial in driving institutional adoption in the Web3 ecosystem.
Alessio Quaglini, CEO of Hex Trust, emphasized the significance of this partnership, stating, “We’re pleased to become a leading digital asset custodian for TON. This integration reinforces our mutual dedication to broadening access and driving institutional adoption in the Web3 ecosystem.” Max Pertsovskiy, COO of the TON Foundation, also highlighted the importance of Hex Trust’s secure infrastructure in enabling institutions to access and utilize TON’s services, from Jettons custody to DeFi support.
With this collaboration, Hex Trust solidifies its position as a frontrunner in digital asset management, while TON benefits from advancing its mission of bridging blockchain technology and global communication platforms. The integration of Hex Trust and TON is set to revolutionize DeFi, custody, and staking in the Web3 ecosystem, paving the way for enhanced institutional adoption and access to cutting-edge blockchain technology.