Hex Trust, a fully licensed digital asset custodian, is marking a noteworthy stride in the Web3 ecosystem, announcing its integration with The Open Network (TON), a scalable, socially integrated blockchain. This strategic alliance is envisioned to revolutionize the decentralized finance (DeFi), custody, and staking landscape, underpinning both fintech firms’ commitment to enhance secure digital asset management and foster institutional blockchain adoption.
Hex Trust now stands as one of the first custodians providing access to the complete TON stack. Services include custody and staking for TON, Jettons custody support, and a seamless connection to TON DeFi via TON Connect.
Originally conceived by the Telegram Messenger team, TON is fast becoming a transformative force in the Web3 arena. Known for its unrivaled transaction speed, it can process over 104,000 transactions per second, thanks to its multi-chain architecture and advanced sharding technology. This sophisticated structure enables TON to efficiently and reliably support large-scale decentralized applications (dApps) and services.
With its integration with Telegram, boasting over 950 million worldwide users, TON is uniquely positioned as a socially integrated ecosystem with the potential for exponential growth. Hex Trust’s integration with TON allows institutional clients to leverage these advancements, offering secure custody, staking, and DeFi solutions. It also enables users to manage and diversify their digital asset portfolios while engaging in TON’s rapidly expanding DeFi ecosystem.
Alessio Quaglini, Hex Trust’s CEO, emphasized the partnership’s significance, 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, mirrored these sentiments, highlighting Hex Trust’s secure infrastructure as a critical facilitator for institutions looking to access TON’s full services range. “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.”
This collaboration cements Hex Trust’s position as a digital asset management leader, while TON stands to benefit by advancing its mission to bridge blockchain technology and global communication platforms. This development is poised to significantly impact the Web3 landscape, fostering a more accessible, secure, and efficient decentralized finance ecosystem.
