UTONIC, the pioneering restaking platform built on The Open Network (TON), has announced a strategic partnership with Cobo. Cobo is a leading provider of digital asset custody and wallet infrastructure. This collaboration is set to significantly bolster security for UTONIC’s liquid staking and restaking services by leveraging Cobo’s state-of-the-art security solutions. Cobo announced this collaboration today via a tweet on social media platform X (formerly known as Twitter).
🔥Thrilled to partner with @UTONIC_uTON!
Through this collaboration, #UTONIC will leverage Cobo’s cutting-edge custody and wallet infrastructure to safeguard liquid staking assets.
Say goodbye to single points of failure and hello to robust protection! 🔐
🔗… pic.twitter.com/Xv7SmJyDYx
— Cobo (@Cobo_Global) October 11, 2024
UTONIC Strengthens Security for Liquid Staking Assets
Through this partnership, UTONIC will integrate Cobo’s cutting-edge custody and wallet technologies to safeguard liquid staking assets. This way, it will reduce the risk of single points of failure. As the first TON restaking solution, UTONIC enables users to maximize the utility of their staked TON by participating in additional applications while earning triple yields including native validator rewards, Actively Validated Services (AVS) yield, and farming incentives. This triple-yield approach ensures users’ capital is secure while generating passive income.
UTONIC’s support for a broad range of assets including $TON, $tsTON, $stTON, and $TON from solo staking nodes further enhances its appeal. By utilizing Cobo’s industry-leading wallet infrastructure, UTONIC users will benefit from greater resilience and flexibility in managing their assets.
Cobo and UTONIC’s Role in Securing the TON Ecosystem
Cobo brings its vast expertise in digital asset security to this partnership. Founded in 2017, Cobo safeguards billions of dollars in assets with a zero-incident track record. Cobo’s infrastructure supports more than 3,000 tokens across over 80 blockchains, including TON, Babylon, Scroll, and Merlin.
UTONIC aims to bring its triple-yield restaking solution to a wider audience, targeting mass adoption by leveraging real-world use cases within TON ecosystem. In addition, UTONIC’s liquid restaking token, $uTON, offers users flexible asset acceptance, supporting various assets and potentially unlocking additional benefits such as airdrops.
The partnership between UTONIC and Cobo marks a significant step forward in securing liquid staking and restaking within TON network. By combining UTONIC’s innovative restaking approach with Cobo’s unmatched security infrastructure, the collaboration is set to drive greater adoption and growth within the TON ecosystem.