Fireblocks, a company that focuses on secure digital asset management, has announced cooperation with the TON Foundation, which implies the addition of support for jettons- tokens of the TON blockchain.
This development allows any company that has integrated Fireblocks, such as exchanges, trading companies, and payment organizations, to securely store, trade, or create applications within the TON environment.
Driving Adoption with a $200,000 Grant Program
Under this partnership, the Fireblocks company has initiated a $200k grant program aimed at fostering innovation in the TON ecosystem. As per the grant, Calcott and his team for DigitalSpace will help provide developers and businesses the tools they need to build applications and services on the TON, including consumer apps, payment organizations, and even institutional trading firms. Fireblocks and TON promote Jettons and provide economic benefits, intending to integrate blockchain in consumer payment and trading further.
TON Foundation: Building Crypto Accessibility for the Masses
TON blockchain, developed by Telegram, allows users to interact promptly with crypto service browsers. TON Wallet and other mini apps available on the platform enable developers to build crypto applications directly for the huge Telegram audience. For instance, such games as “Hamster Kombat attracted 200 million users in three months as evidence of the effectiveness of this integration.
TON introduced USDT, the world’s largest stablecoin, into its ecosystem, reaching over $1 billion in total value. This addition gives Telegram users a USD stablecoin that they can own, transfer, and spend, which could disrupt remittances and give stability to users in areas affected by very high inflation rates.
Empowering Businesses Across Multiple Markets
With Fireblock’s support for Jettons, a variety of industries can now leverage TON’s capabilities through consumer apps by Safely building Telegram Mini Apps that include Jettons and leverage the security of Fireblock’s services. Payment companies are integrating more blockchain payment solutions to use stablecoin like USDT to enable convenient cross-border transactions. Exchanges, FinTechs, and Institutional Trading Firms are also harnessing new opportunities in the ecosystem.
The partnership between Fireblocks and the TON Foundation indicated a new development of blockchain for consumers and institutions and a major step towards Web3 adoption and on-chain payments globally.
