Cobo is expanding its digital asset custody solutions by integrating the TON blockchain, enhancing security and flexibility for institutional clients. The digital asset custody and wallet provider will now support The Open Network (TON).

This integration brings Cobo’s comprehensive custody solutions to the TON blockchain, including custodial wallets and multiparty computation wallet technology.

Through this collaboration, Cobo will integrate TON’s native Toncoin (TON) token, Notcoin (NOT), and stablecoins such as Tether (USDT).

TON integration

The integration between Cobo and TON follows a significant influx of Web3 support for the blockchain, which powers Telegram’s new advertising platform.

This partnership aims to enhance the security and flexibility of digital asset management for institutional clients while expanding Cobo’s service offerings. Although incorporating the TON blockchain into Cobo’s services can broaden token support for the wallet provider, TON’s multichain architecture and sharding technology present several technical challenges.

Meeting Regulatory Standards in the Digital Asset Industry

With Toncoin recently receiving approval from the Kazakhstan Financial Services and Regulatory Committee (AFSA), the partnership with Cobo is a strategic move. Following the AFSA approval, Toncoin joined a list of 107 cryptocurrencies sanctioned by the Kazakhstan government.

Like catching ‘phish’ in a barrel

Despite the success of the TON ecosystem, phishing attacks on the blockchain have increased, as highlighted by SlowMist founder Yu Xian.

On June 24, Xian argued that the Telegram ecosystem was “too free,” allowing phishing links to proliferate through the platform’s message groups, airdrops, and other deceptive methods.

Although Telegram typically requires phone numbers for account creation, Xian noted that phishing risks are higher for users with anonymous numbers. These users do not have accounts linked to SIM cards, making it easier for bad actors to phish and take over their accounts.

The post TON Blockchain Integration Boosts Digital Asset Security appeared first on Baffic.