This press release was originally published by True Global Ventures on PR Newswire here.
This press release was originally distributed by DNA Fund on October 30, 2024.
- Partnership Brings $50M SOC 2 Compliant Staking to TON, Backed by DNA Fund’s Institutional Investment.
- Validation Cloud and DNA Fund Launch High-Performance Staking Solution to Support Institutional Adoption of TON.
San Juan, Puerto Rico, 30 October 2024: DNA Fund, a leading Web3 investment firm, selected Validation Cloud, a leader in Web3 infrastructure, as the Fund’s staking platform to deploy, manage, and monitor validators across emerging and leading crypto networks. As the first phase of the partnership, Validation Cloud will deploy a new USD 50M Telegram Network (TON) validator with DNA. Once the total $50M in the validator has been filled, DNA expects to launch an ETN, lowering the barrier to entry for institutional investors looking to invest in the TON network.
Validation Cloud’s next-generation staking infrastructure ensures DNA client funds are protected with SOC 2 compliance, 24/7 monitoring, and institutional-grade uptime. DNA clients have the potential to reap higher staking rewards through Validation Cloud’s unmatched validator performance, with a 98%+ RAVER score and the ability to quickly deploy validators that align with DNA’s asset roadmap.
"Validation Cloud is proud to partner with DNA Fund to deliver our highly performant and SOC 2 Type II compliant staking infrastructure, which will power DNA’s diverse investment portfolio and safeguard client funds. By deploying our TON validator, we’re advancing the institutional adoption of TON to meet the growing demand for scalable, secure digital asset solutions. This is the first of many initiatives to support DNA Fund’s innovative investment strategy,” said Validation Cloud Chief Strategy Officer Alex Nwaka.
DNA invests in a diverse portfolio to support emerging crypto startups and help launch the next generation of Web3 projects. DNA’s funds leverage the expertise of the DNA team and their access to deal flow to empower investors to capitalize on emerging opportunities in crypto and Web3.
TON Blockchain has seen tremendous growth in recent years within its user community, particularly Telegram users. Validation Cloud and DNA Fund selected TON as their first joint product because they know its potential for institutional adoption. Driving institutional adoption within one of the world’s largest and fastest-growing blockchains will help the ecosystem enable more complex applications.
“We believe in the future of the Telegram Network and have allocated a significant amount of capital to owning its underlying asset, “TON”. We continue to explore ways by which to enhance our relationships with the TON community and help the entrepreneurs who are building on top of this unique platform,” stated Scott Walker, Director of DNA. “Launching a validator demonstrates our long-term commitment to the community,” added Walker.
Validation Cloud and DNA’s TON validator is the first of many digital assets to be supported. Outside of TON, Validation Cloud supports Ethereum, Solana, Babylon, and many more leading networks. Validation Cloud and DNA look forward to supporting DNA’s diverse portfolio of assets with Validation Cloud’s highly performant and compliant infrastructure.
About TON Foundation
TON Blockchain is a decentralized and open internet created by the community using a technology designed by Telegram. Apps built on TON can unlock access to millions of Telegram users with a one-click app launch, direct advertising, and viral and retention mechanics based on the messenger. Millions of users have been onboarded to TON via @wallet.
About DNA Fund
DNA Holdings Venture Inc. is spearheading the next wave of financial innovation by seamlessly integrating Web 3, cryptocurrency, artificial intelligence, and capital markets. Our mission is to create a groundbreaking financial ecosystem that delivers cutting-edge fund management, strategic advisory services, and visionary financial solutions. By leading this technological and financial convergence, we empower emerging brands to architect the future of finance, transforming the global economy and reshaping the world of capital markets.
Media Contact:
Investor Relations
DNA
Holdings Venture Inc.
investors@dna.holdings
DNA.fund
About Validation Cloud
Validation Cloud is a Web3 data streaming and infrastructure company that connects organizations into Web3 through a fast, scalable, and intelligent platform. Headquartered in Zug, Switzerland, Validation Cloud offers highly performant and customizable products in staking, node, and data-as-a-service. Learn more at Validationcloud.io | LinkedIn | X | Podcast
