UAE regulated Tungsten Custody Solutions offers custody for Toncoin

UAE regulated Tungsten Custody Solutions offers custody for Toncoin

UAE regulated crypto custodian Tungsten Custody Solutions, has received regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to provide custody for Toncoin (TON).

As per the press release, the approval further strengthens Tungsten’s position as a trusted custodian for institutional clients seeking secure and compliant custody solutions for digital assets. TONDLT Foundation was recently established in ADGM.

Toncoin (TON) has gained significant adoption, particularly within Telegram’s ecosystem, as it recently became the exclusive cryptocurrency for non-fiat payments related to the platform’s assets and services. Tungsten’s FSRA-regulated custody ensures institutional investors and enterprises can securely store TON with institutional-grade security, compliance oversight, and risk management.

Jose Aguinaga, Senior Executive Officer of Tungsten Custody Solutions Ltd, commented, “Securing regulatory approval to provide custody for Toncoin is a significant milestone for Tungsten and our commitment to offering regulated, institutional-grade custody solutions for a wide range of digital assets. With ADGM emerging as a key hub for blockchain innovation, we are proud to be at the forefront of enabling secure and compliant access to Toncoin for institutional investors and enterprises.”

“We’re thrilled to see Tungsten receive regulatory approval from the Abu Dhabi Global Market to provide secure custody for Toncoin,” said Manuel Stotz, President at TON Foundation. “This approval reflects not only the growing institutional interest in TON, but in blockchain, crypto, and digital assets generally. It also highlights Abu Dhabi’s commitment to building a trusted, clear regulatory framework that supports decentralized organizations and champions blockchain innovation. With their deep expertise and unwavering commitment to compliance, Tungsten is the ideal partner for institutions looking to securely store Toncoin.”

Prior to this announcement, Tungsten Custody Solutions announced its support of UAE MANTRA (OM) Blockchain with its custodial services.

UAE Crypto custodian Tungsten to custody Mantra Blockchain tokens

UAE Crypto custodian Tungsten to custody Mantra Blockchain tokens

UAE regulated, digital asset custodian, Tungsten Custody Solutions Ltd, will support UAE MANTRA (OM) Blockchain with its custodial services.

As per the press release, the collaboration will enable institutional clients to securely custody OM tokens while leveraging Tungsten’s regulated framework, ensuring the highest levels of security, transparency, and compliance. Tungsten Custody’s collaboration with MANTRA reinforces its commitment to supporting the broader MANTRA blockchain ecosystem that empowers developers and institutions to seamlessly participate in the evolving real world asset (RWA) tokenization space.

MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. The OM token is the core utility and governance token of the MANTRA Chain ecosystem and powers various features of the blockchain. By integrating with Tungsten Custody, institutional investors and funds can now access regulated custody, enhanced accessibility, and robust infrastructure.
Jose J. Perez Aguinaga, SEO of Tungsten, commented, “The integration of MANTRA (OM) into our custody services, along with our collaboration with the MANTRA , represents a key milestone in our mission to provide institutional investors with secure, compliant, and scalable digital asset solutions. As blockchain adoption expands, regulated custody is essential for bridging institutional finance with decentralised ecosystems. Tungsten Custody is proud to support MANTRA’s vision and provide the infrastructure needed for institutional participation in tokenised economies.”

John Patrick Mullin, Co-Founder & CEO of MANTRA, added, “At MANTRA we firmly believe that institutional adoption is best driven through a commitment to security, regulation and compliance. The integration of OM into Tungsten Custody’s growing portfolio of supported assets, underscores a shared commitment to bridging traditional finance with blockchain-powered institutional services – particularly in the United Arab Emirates – a key region for MANTRA.”

Mantra Blockchain tokenization platform has been making strong strides in the UAE tokenization ecosystem especially with its recent agreement with DAMAC to tokenize $1 billion worth of assets.