HONG KONG, November 21, 2024 — Hex Trust, a leading fully-licensed provider of digital asset custody, staking and markets services, has announced its integration with The Open Network (TON), becoming one of the first custodians to offer access to the entire TON stack: TON custody and staking, Jettons custody and TON DeFi support via TON Connect.
The Open Network (TON), originally developed by the Telegram Messenger team, is rapidly establishing itself as a key player in the Web3 space. Renowned for its lightning-fast transaction speeds—capable of processing over 104,000 transactions per second—and robust support for sophisticated smart contracts, TON’s innovative multi-chain architecture and advanced sharding technology efficiently handle large-scale decentralized applications (dApps) and services.
TON’s evolution is supported by Telegram’s extensive global reach, with over 950 million users. This combination of a widely used communication platform and a blockchain network provides significant potential for integration and growth, positioning TON as a social media-driven blockchain ecosystem that has progressed beyond the conceptual stage.
Hex Trust enhances the entire lifecycle of accessing, securing, managing, and trading digital assets for its institutional and global client base. By integrating TON, Hex Trust empowers clients to securely manage TON assets and participate in the growing TON DeFi ecosystem, all within Hex Trust’s industry-leading, fully secure platform. This allows clients to diversify their holdings and engage with the fast-growing market of decentralized applications on the TON network.
“We’re pleased to become a leading digital asset custodian for TON” said Alessio Quaglini, CEO at Hex Trust. “This integration reinforces our mutual dedication to broadening access and driving institutional adoption in the Web3 ecosystem.”
“Our integration with Hex Trust helps connect TON’s powerful blockchain capabilities to a larger, institutional audience,” said Max Pertsovskiy, COO at TON Foundation. “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.”
For more information on how this can benefit, contact partnerships@hextrust.com.
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About Hex Trust
Established in 2018, Hex Trust offers regulated institutional digital asset Custody, Staking and Markets services to builders, investors and service providers. Get access to our comprehensive, secure and regulated suite of services built on our proprietary and fully integrated infrastructure.
For more information, visit hextrust.com or follow Hex Trust on LinkedIn, X and Telegram.
About The Open Network (TON)
The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON's vision is to empower 500 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org/
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