With the help of DWF Labs, the TON blockchain announced cooperation with cryptocurrency custodian Fireblocks.
In a statement released on March 13, TON officials said that the multi-party computing technology (MPC-CMP), created by experts at Fireblocks, increases transaction speed and reliability by 800%.
According to its developers, the digital asset security solutions offered by Fireblocks will also help safeguard user transactions. The business thinks that TON Space will become an institutional player by working together.
Toncoin (TON), the project’s native cryptocurrency, has been integrated to Fireblocks’ platform along with support for the TON wallet. This will enable the blockchain to fulfill its objective of giving 500 million users by 2028 access to digital assets.
“The significance of Fireblocks’ involvement with TON is underscored by its successful track record with other Layer 1 networks.”
Due to financing granted by DWF Labs for the development and expansion of the blockchain ecosystem, the integration of TON into the Fireblocks platform is complete and ready for launch this month.
Additionally, DWF contributed $10 million to the TON Foundation in November 2022. According to CoinMarketCap, the TON rate has risen by 62% in the last week and is currently at $4.39. The asset now has a $15.2 billion market capitalization.
The recent increase in TON is a reaction to the announcement of Telegram’s impending IPO. Given that Telegram is one of the world’s biggest and most well-known instant messaging services, its first public offering (IPO) might attract more interest in Toncoin from investors.
