Copper, a London-based institutional custodian for bitcoin and blockchain assets, announced today it will integrate the Telegram Open Network (TON) key generator. This allows investors that took part in the $1.7 billion fundraise to receive their GRAM tokens from Telegram.
With integration complete Copper enables Gram investors to create Gram private and public keys from within the safety of the Copper Unlimited application, the “cold” section of Copper’s digital ecosystem – which its clients already use for safe storage of up to 78 other digital assets.
Copper’s custody application will also support staking, settlement, and trading of GRAM tokens. The Copper team reported it already has $600 million in soft commitments for GRAM storage from existing clients who were early investors.
“Telegram’s project has been eagerly anticipated since its impressive and widely-covered fundraise in 2018. Now TON is set to launch in late October, Copper is happy to offer public and private keys to Gram investors looking for additional security for their investment. Telegram delivering on its fundraising promises is a big step in terms of showcasing maturity and credibility in the blockchain industry – and we are very proud to support it using our institutional-grade digital ecosystem.”
– Dmitry Tokarev, Founder & CEO of Copper
The GRAM token is the native utility token of TON and it is denoted by the TON triangular symbol. The token will serve as the principal cryptocurrency for the in-app economy on Telegram and will also be available for external use.