Tungsten Custody Solutions has received approval from the FSRA in Abu Dhabi Global Market to provide custody for Toncoin (TON).
Now, institutional investors can securely store TON while remaining in full compliance with regulatory requirements.
“Securing regulatory approval to provide custody for Toncoin is a significant milestone for Tungsten. With ADGM emerging as a key hub for blockchain innovation, we are proud to be at the forefront” said Jose Aguinaga, Senior Executive Officer of Tungsten Custody.
Tungsten Custody's approval for TON storage provides transparency and security for major investors, allows startups to save on sending verification codes via Telegram Gateway 2.0, and simplifies the withdrawal of Telegram stars through Fragment.
Toncoin DLT Foundation already has headquarters in Abu Dhabi, highlighting the region’s growing interest in TON. Previously, Tether announced its stablecoin pegged to the UAE dirham on the TON network.
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