Zodia Custody Expands Crypto Security with TON’s Jetton

Zodia Custody Expands Crypto Security with TON’s Jetton Integration

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 29, 2025

Key Takeaways

Zodia Custody supports Jetton tokens on TON, enabling secure storage for institutional investors starting with STON;
Jetton tokens work like Ethereum’s ERC-20, offering fast transactions, low fees, and scalability on the TON blockchain;
With Zodia’s support, institutional investors can explore DeFi opportunities within the TON ecosystem.

Zodia Custody, a crypto asset security service backed by Standard Chartered, has added support for Jetton tokens on The Open Network (TON) TON $4.82 .

According to the January 29 announcement, this update allows institutional investors to store and manage digital assets created on TON, starting with STON, the governance token of the decentralized exchange (DEX) Ston.fi.

The integration was carried out in partnership with Ston.fi and CoinFund, a US-based investment firm. CoinFund needed a reliable way to safeguard its STON holdings, which led to Zodia Custody stepping in.

Crypto Fees Explained: How Not to Overpay? (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Anoosh Arevshatian, Zodia’s chief risk officer, stated that this decision expands options for investors by enabling them to hold TON-based assets securely. He also noted that supporting Jettons strengthens Zodia’s commitment to offering safe storage solutions in the evolving crypto market.

Ston.fi’s business development chief, Martin Masser, highlighted that institutional investors had been seeking a way to engage with TON’s ecosystem but lacked secure storage options. With Zodia’s support, more investors can explore decentralized finance (DeFi) opportunities on TON.

Jetton tokens function similarly to Ethereum’s ETH $3,257.97 ERC-20 tokens, letting users create and trade custom assets on the TON blockchain. The TON Foundation highlights this system's advantages of low transaction fees, high speed, and scalability.

Meanwhile, Trump Media and Technology Group (TMTG) recently expanded into financial services with a new division called Truth.Fi. What is the goal of the expansion? Read the full story.