Users can now participate in custody, trade, barter and ‘Flexible’. Staking’ and ‘Fixed Income’ Investment products with Toncoin.
Matrixport, one of the world’s largest digital asset financial services ecosystems, announced that it is supporting The Open Network (TON) ecosystem across the crypto financial services spectrum, with the listing of Toncoin in the Matrixport app.
The collaboration reflects Matrixport’s continued commitment to growing the broader blockchain ecosystem and supporting the next wave of digital asset adoption. This includes the world’s first institutional custody and escrow services of TON’s native token, Toncoin. Cactus Detention™Matrixport’s third-party corporate custody service.
Designed by Telegram as a fully decentralized layer-1 blockchain for mass adoption and distribution, the TON network offers ultra-fast transactions, low fees, and easy-to-use dApps.
TON Foundation Founding Member Steve Yun said: “Matrixport has become an integral part of the TON ecosystem. With Cactus Housing™TON participants now have access to TON’s innovative products with the maximum comfort the crypto industry can offer. We were impressed with the quality of execution demonstrated by the Cactus Custody team and excited for many more state-of-the-art products. We are grateful to partner with Matrixport.”
Cynthia Wu, Matrixport Chief Operating Officer and President of Cactus Custody™, said: “We are delighted to be working with TON as the first guardian to support the TON blockchain and native token, and we look forward to contributing to its community. TON’s legacy and roadmap combined with its strong performance has given us confidence in its immense potential. We expect our customers to understand and embrace their value. Matrixport’s broad range of innovative products, trading and asset management tools will help accelerate the growth of the TON ecosystem.”
Toncoin holders will take advantage of Matrixport’s rich offers to get more out of their Toncoins. Users can earn passive income with ‘Flexible Staking’ and ‘Fixed Income’ Investment products with transactions made in Toncoin.
Additionally, those looking to secure Toncoin can look forward to secure, transparent and efficient institutional-grade custody services. Through Cactus Custody™, users can look forward to 24/7 instant, low-cost Toncoin transfers on the TON, Ethereum and BNB blockchain networks, as well as a seamless and secure connection with DeFi protocols via Cactus Custody™. s MetaMask Enterprise (MMI) integration.
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, famous for founding Telegram Messenger. The Open Network (TON) is a fully decentralized layer-1 blockchain designed by Telegram to accommodate billions of users.
It has ultra-fast transactions, small fees, easy-to-use apps, and is environmentally friendly. Using Toncoin, the native token of TON for paying transaction fees, securing the blockchain through staking, deciding how the network will evolve, and making payments. For more information https://ton.org/
Matrixport is one of the world’s largest and most trusted digital asset financial services ecosystems, strategically collaborating with early-stage Web3 innovators to help them build, grow and scale. With USD4B in actively managed digital assets, it provides one-stop crypto financial services to meet the emerging needs of long-term wealth creation in digital assets. The company’s services include Cactus Custody™, spot OTC, fixed income, structured products, lending and asset management.
With a mission to make crypto easy for everyone, Matrixport focuses on product innovation and offers a comprehensive suite of market-leading crypto investment products. In 2021, the number of investors using its app increased 427% year-on-year, and the fintech company achieved a pre-money unicorn valuation in the two years since its founding.
Headquartered in Singapore, Matrixport serves individuals and more than 500 institutions in Asia and Europe. The company has licenses in Hong Kong and Switzerland. For more information visit www.matrixport.com.
Media Communication (Matrixport)
Ross Gan, Head of Public Relations
Media Communications (Wachsman)
Bee Shin, senior advisor
Disclaimer: This is a paid post and should not be considered news/advice.