Zodia Custody has introduced institutional custody support for Jetton tokens, with StonFi’s governance token $STON becoming the first asset to be supported.
Per the announcement, this partnership will also help CoinFund manage its investment in the TON blockchain. With the help of Zodia Custody, CoinFund now has a safe and secure way to store its investment in STON tokens.
Zodia Custody, created by Standard Chartered, helps businesses securely store and manage cryptocurrencies. It protects digital assets from hacking, fraud, and loss while following strict financial regulations. Banks, investment firms, and large businesses use its services to safely enter the crypto market with high-security standards.
STON.fi is a decentralized exchange (DEX) on The Open Network (TON). It enables direct wallet-to-wallet cryptocurrency trading without intermediaries, giving users full control of their assets.
Using an automated market maker (AMM) system, trades are made through liquidity pools, ensuring fast, efficient, and low-cost swaps. Liquidity providers can also earn rewards by contributing tokens to these pools.
CoinFund is a company that invests in blockchain and cryptocurrency projects, supporting startups that develop decentralized technology, Web3, and digital assets.
Anoosh Arevshatian, Chief Risk Officer at Zodia Custody, speaking about the partnership, stated that supporting STON.fi shows their commitment to providing top-tier custody services. According to Arevshatian, integrating the Jetton token standard into Zodia Custody’s system allows institutions to hold assets built on TON, encouraging wider adoption.
Einar Braathen, a partner at CoinFund, stressed the importance of institutional-grade custody for STON.fi, as it helps attract more investors to the TON Blockchain. Martin Masser, Chief Business Development Officer at STON.fi, added that Zodia’s support for Jetton tokens opens new opportunities for institutional investors who previously couldn’t participate in the TON ecosystem.
Over the past twelve months, more institutional organizations have entered the cryptocurrency space. Large, established companies and financial institutions are becoming increasingly involved in crypto activities.
Major investment firms like BlackRock and Fidelity, which manage billions of dollars in assets, have launched or expanded their cryptocurrency investment products. BlackRock, for example, filed for a Bitcoin ETF (exchange-traded fund), enabling traditional investors to gain exposure to Bitcoin without owning it directly.
Additionally, large banks such as JPMorgan have begun offering crypto-related services. These services allow clients to buy, hold, or sell Bitcoin and other digital currencies through their platforms. Some banks are also exploring blockchain technology to facilitate faster and cheaper transactions.
Corporations like Tesla and MicroStrategy have invested significant portions of their corporate funds into Bitcoin. This move signals confidence in crypto as a long-term asset class. Tesla even allowed customers to purchase cars using Bitcoin at one point.
