UTONIC Partners with Cobo to Elevate Security in Liquid Staking and Restaking

UTONIC, the pioneering restaking platform built on The Open Network ($TON), has announced a strategic partnership with Cobo. Cobo is a leading provider of digital asset custody and wallet infrastructure. This collaboration is set to significantly bolster security for UTONIC’s liquid staking and restaking services by leveraging Cobo’s state-of-the-art security solutions. Cobo announced this collaboration today via a tweet on social media platform X (formerly known as Twitter).

UTONIC Strengthens Security for Liquid Staking Assets

Through this partnership, UTONIC will integrate Cobo’s cutting-edge custody and wallet technologies to safeguard liquid staking assets. This way, it will reduce the risk of single points of failure. As the first $TON restaking solution, UTONIC enables users to maximize the utility of their staked $TON by participating in additional applications while earning triple yields including native validator rewards, Actively Validated Services (AVS) yield, and farming incentives. This triple-yield approach ensures users’ capital is secure while generating passive income.

UTONIC’s support for a broad range of assets including $TON, $tsTON, $stTON, and $TON from solo staking nodes further enhances its appeal. By utilizing Cobo’s industry-leading wallet infrastructure, UTONIC users will benefit from greater resilience and flexibility in managing their assets.

Cobo and UTONIC’s Role in Securing the $TON Ecosystem

Cobo brings its vast expertise in digital asset security to this partnership. Founded in 2017, Cobo safeguards billions of dollars in assets with a zero-incident track record. Cobo’s infrastructure supports more than 3,000 tokens across over 80 blockchains, including $TON, Babylon, Scroll, and Merlin.

UTONIC aims to bring its triple-yield restaking solution to a wider audience, targeting mass adoption by leveraging real-world use cases within $TON ecosystem. In addition, UTONIC’s liquid restaking token, $uTON, offers users flexible asset acceptance, supporting various assets and potentially unlocking additional benefits such as airdrops.

The partnership between UTONIC and Cobo marks a significant step forward in securing liquid staking and restaking within $TON network. By combining UTONIC’s innovative restaking approach with Cobo’s unmatched security infrastructure, the collaboration is set to drive greater adoption and growth within the $TON ecosystem.