Secure access to the latest blockchains and their features is a core focus at Fireblocks, thereby empowering our customers to take advantage of new market opportunities and enhance their offerings. In the past year alone, we’ve added support for over twenty new blockchains, helping thousands of digital asset businesses to grow their revenue and expand their reach.
Fireblocks is excited to announce our latest collaboration with the TON Foundation, which deepens our support for the TON blockchain through the introduction of Jettons – tokens on TON. This integration enables consumer apps, trading firms, exchanges, and payment companies using Fireblocks to securely custody, trade, and develop new products and services in the TON ecosystem.
To further drive innovation and adoption, Fireblocks is also launching a $200,000 grant program aimed at empowering developers and businesses to build in the TON ecosystem with Fireblocks.
“Our latest collaboration with the TON Foundation presents a significant opportunity for both businesses on Fireblocks and Telegram users. Fireblocks support for Jettons will allow our customers to expand their services to a network of nearly one billion retail users—from payment companies and exchanges to consumer apps.”
Meeting users where they are
The Open Network (TON) is a blockchain designed by and integrated into Telegram, enabling Telegram’s nearly one billion active users to quickly onboard and interact with crypto. By bringing crypto capabilities directly to their users through Mini Apps like TON Wallet, TON is removing the traditional barriers to crypto adoption. Mini Apps enable developers to create crypto-friendly apps and games with direct access to Telegram users, such as Hamster Kombat which amassed 200 million users within three months of launching.
“Our mission at TON Foundation is to build a vibrant, accessible, and scalable ecosystem, and our collaboration with Fireblocks is another milestone toward achieving this mission, said Max Pertsovskiy, COO at TON Foundation. “By supporting Jettons, Fireblocks is helping to open up TON’s extensive ecosystem to a wide range of applications, from consumer apps to payment solutions, and trading.”
TON has also integrated USDT, the largest stablecoin globally, which has already surpassed $1B in total value on TON. Coupled with Telegram Mini Apps, USDT can serve as a USD-pegged digital asset for Telegram users to hold, send, and spend their money. This can bring efficiencies to all Telegram users and can have a significant impact on remittances (on average, 6.35% fee) and people living in high-inflation environments who need access to stable currencies.
“Through this integration, businesses can now access nearly a billion Telegram users through TON, taping into new markets with seamless and secure blockchain solutions. This collaboration makes it easier for developers and businesses to innovate and build on TON, helping to drive forward the mass adoption of Web3 worldwide,” said Pertsovskiy.
Empowering businesses to build on TON
With Fireblocks’ support for Jettons, we’re opening up new opportunities for our customers across multiple markets:
- Consumer Apps: Build secure Telegram Mini Apps that leverage Telegram’s user-friendly interface and robust APIs, leveraging Fireblocks on the back-end for secure TON and Jettons key management
- Payments Companies: Expand blockchain-based payment services with the support of USDT and other stablecoins on TON
- Exchanges and Fintechs: Easily add support for Jettons, allowing retail and institutional customers to securely custody and trade tokens on TON
- Institutional Trading Firms: Access new trading opportunities within the rapidly growing TON ecosystem, with secure custody of Jettons on Fireblocks
This collaboration is an exciting next step as we expand MoonPay’s services within the TON ecosystem. By integrating with Fireblocks, we’ve been able to accelerate our integration with TON, ensuring that our customers can interact with Jettons and tap into the full potential of Web3 on Telegram.”
About the TON Foundation
The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON’s vision is to empower 500 million users to own their digital identity, data, and assets by 2028.
