Gram (GRAM) — Previously Toncoin (TON)

UPDATE ON TON - JULY 7, 2026

On July 7, 2026, Wealthsimple updated client holdings of Toncoin (TON) to Gram (GRAM).

UPDATE ON TON - JULY 2, 2026

Toncoin (TON) has undergone a rebrand that will transition its token from TON to Gram (GRAM). This update is part of the team's broader efforts to align with its overall initiatives. The update will occur on a 1:1 basis, meaning that for every 1 TON token held, holders will receive 1 GRAM. You can find more details about this here.

What this means for you

Wealthsimple will be updating TON to GRAM on behalf of its clients. Deposits, withdrawals, and trading of TON will cease on July 5, 2026 at 9 pm ET. The rebrand from TON to GRAM will take place soon afterwards. Clients can expect downtime between when TON becomes inactive on our platform and when GRAM is credited to their accounts. Clients will be notified via email when trading for the rebranded GRAM has resumed.

For any questions or concerns, please feel free to reach out to our support team. We're here to help you navigate this update smoothly.

What is The Open Network?

The Open Network (TON) is a decentralized Layer 1 blockchain that originated as a project developed by Telegram but was discontinued by the company. Development of the network subsequently continued through an independent community and the TON Foundation, which now oversees the blockchain's ongoing development. Designed to support fast, scalable transactions and decentralized applications, TON uses a Proof-of-Stake consensus mechanism and a sharded architecture. In June 2026, The Open Network rebranded its native cryptocurrency from Toncoin (TON) to Gram (GRAM).

What is GRAM?

Gram (GRAM) is the native utility token of The Open Network, used for a variety of functions within the ecosystem, including transaction fees, validator staking, governance participation, and paying for decentralized services like storage and DNS. The token has a total supply of 5.21 billion units, with approximately 2.71 billion GRAM in circulation at the time of this publication.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset. 

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform. 

Wealthsimple has performed an assessment of whether GRAM can be supported by Wealthsimple’s platform, including whether GRAM is a security and/or a derivative and is being offered in compliance with securities and derivatives laws. 

We evaluated GRAM based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of GRAM, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created GRAM;
• The supply, demand, maturity, utility and liquidity of GRAM;
• Material technical risks associated with GRAM, including any code defects, security breaches and other threats concerning GRAM and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them; 
• Legal and regulatory risks associated with GRAM, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of GRAM; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdiction regarding whether GRAM, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple’s original assessment of those assets, including Wealthsimple’s assessment of the application of securities and derivatives laws. Any significant changes relating to GRAM may result in changes to this Crypto Asset Statement and/or Wealthsimple’s ability to support GRAM.

Like all other crypto assets, there are some general risks to investing in GRAM. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading GRAM. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision). 

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last updated: July 22, 2026