Singapore - October 11, 2024 - UTONIC, the first restaking solution built atop The Open Network (TON), is pleased to announce its strategic partnership with Cobo. Through this collaboration, UTONIC will leverage Cobo's cutting-edge custody and wallet infrastructure to safeguard liquid staking assets, significantly enhancing security and reducing the risk of single points of failure.

As the first TON restaking platform, UTONIC empowers users to repurpose their staked TON, extending the blockchain’s security to additional applications. The protocol enables restakers to earn triple yields, including native validator rewards, Actively Validated Services (AVS) yield, and farming incentives. UTONIC also offers principal-protected fund management, safeguarding capital while helping users generate passive income. It supports a wide range of assets, including TON, tsTON, stTON, and TON from solo staking nodes.

By leveraging Cobo's comprehensive support for the TON network, UTONIC is further positioned to provide their users with a more resilient and flexible solution for securing digital assets. As a blockchain pioneer, Cobo supports over 3,000 tokens across more than 80 blockchains, including Babylon, TON, Scroll, and Merlin. This industry-leading coverage, combined with Cobo's unparalleled expertise in security, ensures that UTONIC's expanding community has the robust infrastructure needed to securely manage and grow their assets, thereby catalyzing the overall growth of the TON ecosystem.

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure solutions. Founded in 2017 by blockchain pioneers, Cobo is trusted by more than 500 organizations worldwide, safeguarding billions of dollars in assets with a zero-incident security track record.

Today, Cobo provides the industry’s only unified digital asset wallet platform that integrates all 4 wallet technologies in one place – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. By combining a comprehensive suite of wallet solutions with advanced risk controls and developer tools, Cobo empowers organizations and developers to innovate and scale with ease.

Visit www.cobo.com for more information.

About UTONIC

UTONIC is the first TON restaking platform designed for mass adoption, offering a unique triple-yield approach for TON holders by combining native staking yield, restaking yield from AVS, and farming yield from Layer 2s or other DeFi protocols. With a non-custodial restaking design and institutional MPC solution, UTONIC ensures risk-free custody, eliminating the risks of rug-pulls and centralization. UTONIC also provides principal-protected fund management, securing users capital while earning triple income,with the extra benefits of custody and loss insurance. Its flexible asset acceptance allows retail users to maximize their earnings via uTON (a liquid restaking token) which supports various assets including TON, tsTON, and stTON, with the potential for additional airdrops.

UTONIC will focus on one billion users' real use cases in Telegram and the TON ecosystem, collaborating with Web2 and Web3 partners to develop scenario-based AVS solutions for gaming, social interactions, payments, and AI dApps. 

More information: https://utonic.org/home