TON Board has received a document prepared by the Swiss Digital Group concerning Gram Vault, a still unknown project based on Telegram’s cryptocurrency.
Gram will be launched at the end of October, hence the various tools for its use are about to be released.
TON Board is carrying out a more in-depth analysis of this project, and from the rumours received it believes that Gram Vault could be the main player in the Gram token market, both in terms of liquidity and in terms of other key services for major investors in TON (Telegram Open Network).
In addition, four of the ten largest exchanges would already be in negotiations with this company.
This appears to be a project based on TON for $3 billion, an estimate obtained by multiplying the total amount of assets in custody by a hypothetical price of $3.00 per Gram token.
According to the document received by TON Board, Gram Vault will provide services to more than 70% of investors in the second round and about 40% of investors in the first round, and will offer settlement services to TON investors in connection with major markets.
According to the official website, Gram Vault will offer storage, staking, reporting and liquidity services.
It also states that it is authorised and regulated in Switzerland as a member of VQF, an SRO authorised by FINMA (member number 100617). The VQF was established as a quality assurance organisation for the financial centre in Zug, and since 1998 it has served as a self-regulatory body (SRO) recognised by FINMA under the AMLA (Anti-Money Laundering Act).
In particular, they declare that, once TON is launched, they will provide cryptocurrency and fiat currency settlement services for Gram, thanks to a network of OTC desks integrated with all major cryptocurrency exchanges involved in token trading.
This would also be in compliance with Malta’s regulation on virtual financial resources, which allows banking relationships to be established and money flows to be limited.
They also declare that they provide secure custody of Gram tokens.
For the time being, little information has been made public, but as this project has been virtually unknown until now, even the website itself may not yet be completely operational.