Fireblocks Integrates TON Blockchain and Its Native Token to Enhance Security Within the TON Ecosystem

Fireblocks has integrated blockchain The Open Network and its native token on its platform. The course from Toncoin (TON) a strongly progressed in recent days.

Fireblocks has integrated blockchain The Open Network and its native token on its platform. The move comes as Toncoin (TON) has seen strong price action in recent days.

On Wednesday, The Open Network (TON), the foundation that took over Telegram’s blockchain project, announced a partnership with Fireblocks, one of the world's largest crypto-custody companies.

According to a press release, Fireblocks has integrated TON Blockchain and its Toncoin token on its platform to enhance the security of digital assets within the TON ecosystem, particularly TON Space, the network’s wallet infrastructure.

The partnership was reportedly facilitated by DWF Labs, a partner and market maker to both parties.

“Fireblocks’ integration with TON will bolster security and enable DeFi integrations. DWF Labs will bridge the gap between TON’s retail-focused ecosystem and Fireblocks’ enterprise services, ultimately creating a Web3 ecosystem primed for mass-market adoption,” the foundation said.

The price of Toncoin (TON) has seen significant gains this week, up over 65% over 7 days and 18% over 24 hours at the time of writing.

Toncoin (TON) price over 7 days. Source: CoinGecko

Recently, instant messaging app Telegram announced that it will be sharing its advertising revenues with channel owners in the form of Toncoin (TON) payments.

Stay up to date with the latest crypto news on Sellfy’s Twitter and Telegram