The TON blockchain has recently announced its integration with the cryptocurrency custodian Fireblocks, in collaboration with DWF Labs. This integration aims to enhance the reliability and speed of transactions by utilizing Fireblocks’ multi-party computing technology (MPC-CMP), resulting in an 800% increase in transaction speed. Additionally, Fireblocks’ digital asset security solutions will play a crucial role in safeguarding user transactions, elevating TON Space to an institutional level.

Fireblocks has extended its support to the TON wallet and has included the project’s native token, Toncoin (TON), on its platform. This strategic move will enable the blockchain to expand its reach and provide digital asset access to over 500 million users by 2028. The successful track record of Fireblocks with other Layer 1 networks further emphasizes the significance of this collaboration for the TON team.

The integration of TON into the Fireblocks platform has been completed and is set to launch this month, with support from DWF Labs for the development and expansion of the blockchain ecosystem. DWF Labs had previously invested $10 million in the TON Foundation in November 2022, further solidifying their commitment to the project.

In recent developments, the TON rate has surged by 62% in a week, reaching $4.39 at the time of writing, with a market capitalization of $15.2 billion, according to CoinMarketCap. This spike in value can be attributed to the anticipation surrounding Telegram’s planned initial public offering (IPO). Given Telegram’s widespread popularity as one of the world’s largest instant messengers, its IPO may attract additional investor attention to Toncoin.

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