Tungsten Custody Secures Regulatory Approval to Provide Custody for Toncoin (TON) in Abu Dhabi

Abu Dhabi, UAE – Tungsten Custody Solutions, a prominent regulated digital asset custodian, has received official regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to offer secure custody services for Toncoin (TON). This approval marks a significant step for Tungsten as it strengthens its role as a trusted custodian, providing institutional clients with safe and compliant custody solutions for their digital assets.

ADGM Solidifies Its Role as a Digital Asset Hub

This approval comes at a time when Abu Dhabi continues to cement its position as a leading global hub for digital assets. The Toncoin (TON) DLT Foundation has recently chosen ADGM as its base of operations, signaling the growing importance of the region in the blockchain space. This development not only demonstrates Abu Dhabi's commitment to blockchain innovation but also reflects the regulatory clarity and institutional adoption the emirate has been fostering in the digital asset sector.

Institutional-Grade Custody for Toncoin (TON)

Toncoin (TON) has rapidly gained traction, particularly within the Telegram ecosystem, where it has become the exclusive cryptocurrency for non-fiat transactions related to Telegram's assets and services. With the FSRA-regulated custody service, Tungsten ensures that institutional investors and enterprises can securely store their Toncoin holdings with a solution built on institutional-grade security, regulatory compliance, and robust risk management practices.

A Milestone for Tungsten Custody

Jose Aguinaga, Senior Executive Officer of Tungsten Custody Solutions Ltd, expressed his enthusiasm for the approval, stating:

“Securing regulatory approval to offer custody for Toncoin is a significant milestone for Tungsten. It underscores our commitment to providing regulated, institutional-grade custody solutions for a wide array of digital assets. As ADGM continues to emerge as a key hub for blockchain innovation, we are proud to lead the way in offering secure, compliant access to Toncoin for institutional investors and enterprises.”

Endorsement from TON Foundation

Manuel Stotz, President of the TON Foundation, also shared his thoughts on the approval, commenting:

“We’re thrilled to see Tungsten receive regulatory approval from ADGM to offer secure custody for Toncoin. This approval not only reflects the growing institutional interest in TON but also highlights Abu Dhabi’s commitment to building a trusted, transparent regulatory framework that supports decentralized organizations and blockchain innovation. Tungsten’s expertise and commitment to compliance make them the ideal partner for institutions looking to securely store Toncoin.”

Strengthening Abu Dhabi’s Digital Asset Ecosystem

The approval from ADGM aligns with the region’s increasing role as a leader in virtual asset regulation. By allowing Tungsten Custody to offer regulated, secure custody for Toncoin, Abu Dhabi enhances its reputation as a global digital asset ecosystem. As more blockchain foundations and institutional investors establish their presence in Abu Dhabi, Tungsten remains dedicated to providing scalable, secure, and compliant custody solutions for this evolving market.

About Tungsten Custody Solutions

Tungsten Custody Solutions Ltd is a regulated digital asset custodian based in Abu Dhabi Global Market (ADGM), providing secure and compliant custody services for institutional clients. Tungsten’s infrastructure ensures institutional-grade security, regulatory compliance, and operational resilience. The company is regulated by the ADGM Financial Services Regulatory Authority under Financial Services Permission Number 220129.

About The Open Network (TON)

The Open Network (TON) is a decentralized global blockchain community with the mission to integrate crypto into every aspect of daily life. By building the Web3 ecosystem within Telegram Messenger, TON envisions empowering 500 million users to own their digital identity, data, and assets by 2028. To learn more, visit ton.org.