Institutional crypto custodian Cobo will add support for TON, NOT, and USDT
This integration will bring Cobo’s end-to-end solutions to the TON blockchain, including custodial wallets
03.07.2024 - 08:40
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Last updated on Aug 6, 2024
What’s new? Wallet and custodial services provider Cobo has announced that it will add support for the TON blockchain. Also as part of the partnership, Cobo will integrate Toncoin native token, Notcoin (NOT), and stablecoins such as USDT from issuer Tether issued on the TON network. The integration aims to improve the security and flexibility of digital asset management for institutional clients and expand Cobo’s services.
What else is known? The integration will bring Cobo’s comprehensive custodial solutions to the TON blockchain, including custodial wallets and multi-party computing (MPC) technology.
Cobo has partnered with more than 500 companies worldwide, including exchange Deribit and crypto investment arm HashKey Group. The platform supports over 80 blockchains and 3000 tokens. More than 100 million wallets have been created with Cobo and $200 billion worth of transactions have been secured.
The company offers products such as custodial wallet, MPC-based wallet, smart contract wallets, and managing multiple exchange wallets from a single point.
Cobo’s operations are licensed by authorities in Hong Kong, Lithuania, and the United States.
Ripple obtains a NYDFS license after buying the Standard Custody custodian
The deal comes as Ripple prepares to launch its own stablecoin
Earlier, Toncoin trading on licensed crypto exchanges was approved by the regulator of Kazakhstan. Experts of the Astana International Financial Center (AIFC) concluded that the asset complies with internal standards.
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