Zodia Custody enables institutional support for native assets on TON Blockchain with STON.fi and CoinFund

London, UK — 29 January 2025 — Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, National Australia Bank and Emirates NBD, has enabled institutional custody support for the Jetton token standard — with the first asset to go live being STON, the governance token of the STON.fi DEX.

STON.fi, a decentralised automated market maker (AMM), is built on TON Blockchain, the infrastructure supporting Telegram’s global network of approximately 950 million users, and the exclusive partner for its mini app ecosystem. Its unique model allows it to offer virtually zero fees, low slippage, and direct integration with TON wallets all through an extremely simple interface. The exchange is backed by CoinFund, one of the world’s first and most experienced crypto-native investment firms, celebrating 10 years of service.

As STON.fi’s backer, CoinFund required effective third-party custodial support to secure its STON investment. To achieve this, the firm selected Zodia Custody, leveraging the custodian’s bank-grade and institution-leading solutions.

Zodia Custody’s solutions address CoinFund’s need for reliable custodial support for their Jetton token investment allocations. CoinFund now leverages Zodia Custody’s cutting-edge custodial services with 24/7 asset availability — combining institutional-grade security with operational efficiency.

“We are proud to partner with CoinFund in their support of STON.fi, which underscores our commitment to providing best-in-class custody services to the most reputable names in crypto,” said Anoosh Arevshatian, Chief Risk Officer at Zodia Custody. “In addition, integrating the Jetton token standard into Zodia Custody’s infrastructure increases optionality for the institutions we service by allowing them to hold assets built on TON Blockchain, promoting broader adoption of the TON ecosystem.”

“As the leading decentralized exchange on TON Blockchain, institutional grade custody is essential to STON.fi to reach the broader investment community,” said Einar Braathen, Partner at CoinFund. “We’re excited by their partnership with Zodia, which enables institutional investors to participate and support unlocking the economic activity on TON Blockchain.”

“One of the most frequent questions we get asked are for reliable custodial support for Jetton tokens, similarly to ERC-20 tokens on Ethereum.” Said Martin Masser, CBDO at Ston.Fi, “With Zodia supporting Jettons, this opens the whole of the TON Ecosystem to investors who are not able to get involved with investment allocations. This enables more institutional users to explore DeFi on TON Blockchain which they previously couldn’t.”