Singapore – July 3, 2024 – Cobo, a leading provider of digital asset custody and wallet solutions, today announced its support for The Open Network (TON). This integration provides TON blockchain with Cobo’s comprehensive suite of custody solutions, spanning from custodial wallets to cutting-edge Multi-Party Computation (MPC) wallet technology. Through this collaboration, Cobo will fully integrate the TON blockchain, including its native token Toncoin (TON), key tokens like Notcoin (NOT), and stablecoins such as USDT on the TON blockchain, offering institutional clients unmatched security and flexibility in asset management while fueling the growth of the TON ecosystem.

As a leader in secure wallet technology, Cobo supports over 3,000 tokens across more than 80 blockchains, exemplifying the capability to handle diverse and extensive digital asset portfolios. With extensive experience, Cobo is set to drive TON’s ecosystem forward, expanding its reach and user base.

The Open Network (TON), recognized as the ‘blockchain of blockchains,’ is a decentralized platform known for its fast, efficient transactions and robust support for complex smart contracts. Initially designed by the Telegram Messenger team and later passed on to developers in the tech community, TON boasts a unique multi-chain architecture and innovative sharding technology, designed to enable large-scale decentralized applications and services.

“Cobo’s mission is to deliver the most secure and reliable digital asset custody solutions for institutions,” said Alex Zuo, VP of Cobo. “Our integration with TON blockchain broadens our service range to help more institutional clients manage their assets securely and efficiently. This collaboration not only expands our service offerings but also provides TON ecosystem users with a secure infrastructure that they can rely on.”

“We are excited to collaborate with an industry leader like Cobo,” said John Cheang, Lead of the Asia-Pacific Region, TON Foundation. “Their expertise and innovation in custody technology will enhance the security and flexibility we offer to our users. Through this partnership, we aim to attract more institutional users to the TON ecosystem and leverage the lucrative opportunities on our platform.” 

This integration between Cobo and TON allows for continuous collaboration in digital asset custody and management. Together, they aim to drive the advancement and widespread use of blockchain technology, setting new standards for the industry.

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate and scale their digital asset businesses securely.

Founded in 2017 and headquartered in Singapore, Cobo is a blockchain pioneer trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets. Cobo offers the industry’s only unified wallet platform that integrates four distinct digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, as well as licenses in multiple jurisdictions. Recognized for its industry-leading innovations, Cobo has received accolades from prestigious entities such as Hedgeweek, Global Custodian, among others.

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About The Open Network (TON)

The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON's vision is to empower 500 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org/.