blockchainreporter.net
Hex Trust has announced its integration with The Open Network (TON) to mark a significant milestone in the Web3 ecosystem. Through this strategic collaboration, both FinTech firms aim to support and revolutionize decentralized finance (DeFi), custody, and staking. Hex Trust is a fully licensed digital asset custodian while The Open Network (TON) is a scalable, socially integrated blockchain.
Hex Trust is one of the first custodians to offer access to the complete TON stack. It now provides 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 enhancing secure digital asset management and broadening institutional adoption of blockchain technologies.
HexTrust Powers TON’s Speed and Integration
TON, originally developed by the Telegram Messenger team, is now rapidly emerging as a revolutionary force in the Web3 landscape. It is renowned for its unparalleled transaction speed, which is capable of processing over 104,000 transactions per second. TON has a multi-chain architecture and advanced sharding technology.
The advanced structure allows TON to support large-scale decentralized applications (dApps) and services with efficiency and reliability. The blockchain’s integration with Telegram boasts over 950 million users worldwide. The integration uniquely 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. Hex Trust offers secure custody, staking, and DeFi solutions. Furthermore, it empowers users to manage and diversify their digital asset portfolios while participating in TON’s rapidly expanding DeFi ecosystem. This provides a streamlined pathway for institutions to engage with a blockchain network that blends high performance with social media integration.
Hex Trust and TON Expanding Web3 Access
Hex Trust’s CEO, Alessio Quaglini, 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, echoed this sentiment. He highlights Hex Trust’s secure infrastructure as a key enabler for institutions to access the full range of TON’s services. He said, “Hex Trust’s industry-leading infrastructure provides a safe and secure way for institutions to access and utilize the full range of TON’s services- from Jettons custody to DeFi support. This integration furthers our goal of making TON’s high-performance, socially integrated blockchain available to users and businesses worldwide.”
With this collaboration, Hex Trust solidifies its position as a frontrunner in digital asset management. TON will benefit from this partnership in advancing its mission of bridging blockchain technology and global communication platforms.