Zodia Custody, a crypto asset security service backed by Standard Chartered, has added support for Jetton tokens on The Open Network (TON)
According to the January 29 announcement, this update allows institutional investors to store and manage digital assets created on TON, starting with STON, the governance token of the decentralized exchange (DEX) Ston.fi.
The integration was carried out in partnership with Ston.fi and CoinFund, a US-based investment firm. CoinFund needed a reliable way to safeguard its STON holdings, which led to Zodia Custody stepping in.
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Anoosh Arevshatian, Zodia’s chief risk officer, stated that this decision expands options for investors by enabling them to hold TON-based assets securely. He also noted that supporting Jettons strengthens Zodia’s commitment to offering safe storage solutions in the evolving crypto market.
Ston.fi’s business development chief, Martin Masser, highlighted that institutional investors had been seeking a way to engage with TON’s ecosystem but lacked secure storage options. With Zodia’s support, more investors can explore decentralized finance (DeFi) opportunities on TON.
Jetton tokens function similarly to Ethereum’s
Meanwhile, Trump Media and Technology Group (TMTG) recently expanded into financial services with a new division called Truth.Fi. What is the goal of the expansion? Read the full story.
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