Blackmoon Ties with Gram Vault to List Telegram’s Native Token

It will allow traders to purchase the tokens using bank-issued cards.

Blackmoon, a blockchain-based fintech company, on Tuesday announced that it would be one of the first exchanges to list Telegram’s Gram token for trading.

To provide this service, the company has partnered with Gram Vault, which is one of the few custody providers for the Gram token and regulated under Swiss law. The native tokens of the messaging platform will directly flow from Gram Vault to the exchange.

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Per the announcement, Gram Vault’s clients are among the largest investors of the Telegram Open Network (TON), which guarantees “instant and deep liquidity” for traders on Blackmoon’s exchange platform.

Commenting on the partnership, Sergey Vasin, chief operating officer at Blackmoon, said: “Blackmoon is pleased to cooperate with Gram Vault and will make every effort to timely list Grams on our platform. Thereby, our users will have access to the most anticipated cryptocurrency among the first.”

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Easing the purchasing of digital assets

Founded in 2014, Blackmoon offers integrated blockchain solutions, automated trading interfaces, and investment products in both fiat and crypto to its clients. Though established as a mainstream financial products provider, it recently entered the crypto arena to provide digital asset trading services to its clients.

“Moreover, Blackmoon will provide users with an opportunity to buy Grams via Bank cards, which, especially in the early months, will be a truly unique offer. We believe in the great future of Telegram blockchain and are going to contribute in every way to increase liquidity for Grams,” Vasin added.

Though not publically available yet, Telegram conducted the largest initial coin offering (ICO) to date, raising a record $1.7 billion from private investors. The company is expected to deliver the tokens before its set deadline of October 31, 2019.

Apart from Blackmoon, Japanese crypto exchange Liquid is also in line to list Gram. It hosted a public sale of the digital token in June and recently disclosed its $4.1 million Gram token escrow wallet to the public domain.

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