Coinbase custody adds TON's GRAM token support

by in Cryptocurrency News

TON GRAM Coinbase

The custodial division of Coinbase announced its readiness to add support for GRAM tokens of the upcoming Telegram Open Network project.

In addition to GRAM, Coinbase Custody is going to add Solana (SOL) and Orchid (OXT) coins after launching the respective networks.

Company representatives emphasized that more and more networks are issuing tokens. In turn, institutional investors are faced with a serious problem related to the safe storage of new, unique assets.

Related: Coinbase CEO got a patent for tech letting users email BTC

Representatives of the British exchange informed about their intention to also support the TON project coin. The company is ready to offer custodial services to institutional Gram holders with 100% insurance coverage based on the DLT Provider Gibraltar license.

Earlier it became known that the first qualified custodian of the tokens will be Anchorage, one of the partners of the Facebook's digital currency's project.