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Matrixport Launches Support for The Open Network Ecosystem and Toncoin Native Token

Matrixport Launches Support for The Open Network Ecosystem and Toncoin Native Token | Fintech Finance

Matrixport, one of the world’s largest digital asset financial services ecosystems, announced support for The Open Network (TON) ecosystem in its crypto financial services portfolio with the listing of Toncoin on the Matrixport app.

This collaboration reflects Matrixport’s ongoing commitment to developing 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, the Toncoin, via Cactus Custody, Matrixport’s third-party institutional 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 (decentralized applications).

Steven Yun, a founding member of the TON Foundation, said: “Matrixport has become an integral part of the TON ecosystem. With Cactus Custody™, TON attendees can now access TON’s innovative products with the maximum comfort the crypto industry can offer. We are impressed by the quality of workmanship demonstrated by the Cactus Custody team and excited about the many other cutting-edge products to come. “We are grateful to be associated with Matrixport.”

Cynthia Wu, Chief Operating Officer of Matrixport and Head of Cactus Custody™, said, “We are excited to be working with TON as the first custodian to support the TON blockchain and its native token, and we look forward to contributing to its community.” TON’s heritage and strategy, as well as its strong performance, have convinced us of its immense potential. We hope our customers will recognize its value and embrace it. Matrixport’s wide range of innovative products, trading tools and asset management will help accelerate the growth of the TON ecosystem.

Toncoin holders will benefit from Matrixport’s rich offerings to get the most out of their Toncoin. Users can earn passive income with “Flexible Staking” and “Fixed Income” investment products, whose transactions are settled in Toncoin.

In addition, those seeking to guarantee Toncoin can rejoice in advance about the safety, transparency and efficiency of institutional-grade childcare. With Cactus Custody™, users can expect to make instant, low-cost transfers of Toncoin 24/7 over the TON, Ethereum and BNB blockchain networks, as well as enjoy a seamless and secure connection with DeFi protocols, thanks to Cactus Custody’s™ MetaMask Institutional (MMI) integration.

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