Institutional Investors Gained Access to TON-Based Tokens
Standard Chartered’s custody division introduced institutional support for Jetton standard tokens issued on The Open Network (TON) blockchain.
Zodia Custody, a crypto custodian for institutional investors and a subsidiary of Standard Chartered, announced support for Jetton tokens, a standard used for issuing digital assets on TON.
Similar to Ethereum’s ERC-20, Jetton enables smart contracts and allows users to create their own tokens, a.k.a. Jettons, within The Open Network. More details about the Jetton standard can be found in the TON Foundation blog .
The first asset added to the platform is STON, a governance token of DEX STON.fi. The token was integrated for a specific client, investment firm CoinFund, which actively supports the project.
According to the press release, Zodia Custody’s support for Jettons will enable institutional investors to participate more actively in the TON ecosystem, providing access to both banking and blockchain infrastructure while ensuring enterprise-grade security, operational efficiency, and 24/7 availability of assets.
Currently, there are approximately 40 Jettons in The Open Network ecosystem, according to Tonscan data.
Recently, Telegram and TON Foundation signed an exclusive agreement, making The Open Network’s blockchain infrastructure the official foundation for all Web3 solutions within the Telegram ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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