UTONIC, a leading restaking platform built on The Open Network (TON), has recently announced a strategic partnership with Cobo, a prominent provider of digital asset custody and wallet infrastructure. This collaboration aims to enhance the security of UTONIC’s liquid staking and restaking services by leveraging Cobo’s advanced security solutions. The partnership was unveiled by Cobo through a tweet on the social media platform X (formerly known as Twitter).
UTONIC’s primary goal with this partnership is to incorporate Cobo’s state-of-the-art custody and wallet technologies to protect liquid staking assets effectively. By doing so, UTONIC aims to minimize the risk of single points of failure. As the pioneer in TON restaking solutions, UTONIC allows users to maximize 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 innovative approach ensures that users’ capital remains secure while generating passive income.
Moreover, UTONIC’s support for a wide range of assets, such as $TON, $tsTON, $stTON, and $TON from solo staking nodes, further enhances its appeal to users. By integrating Cobo’s top-notch wallet infrastructure, UTONIC users can enjoy increased resilience and flexibility in managing their assets.
Cobo, with its extensive experience in digital asset security since its establishment in 2017, plays a crucial role in this partnership. The company has safeguarded billions of dollars in assets with a flawless track record of zero incidents. Cobo’s infrastructure supports over 3,000 tokens across more than 80 blockchains, including TON, Babylon, Scroll, and Merlin.
UTONIC and Cobo aim to secure the TON ecosystem by bringing their respective expertise to the table. UTONIC is focused on expanding its triple-yield restaking solution to a broader audience, targeting mass adoption through real-world use cases within the TON ecosystem. Additionally, UTONIC’s liquid restaking token, $uTON, offers users flexible asset acceptance, supporting various assets and potentially unlocking additional benefits like airdrops.
The collaboration between UTONIC and Cobo marks a significant milestone in securing liquid staking and restaking within the TON network. By combining UTONIC’s innovative restaking approach with Cobo’s unparalleled security infrastructure, the partnership is poised to drive increased adoption and growth within the TON ecosystem.