Ton Foundation
“Can TON Blockchain become the global stablecoin settlement and embedded payments layer for Telegram's 1 billion users and the broader web3 commerce ecosystem?”
HQZug, Switzerland
IndustryFintech / Crypto
The story
TON Foundation began as a non-profit steward of the TON Blockchain (originally Telegram's) based in Zug, Switzerland. Over 2024–2026 it evolved from a developer-education and ecosystem-grants body into an active payments infrastructure layer, positioning TON as the settlement rail for Telegram's 1B+ user mini-app ecosystem. The appointment of a dedicated VP Payments and partnerships with OpenPayd, Banxa, and SCRYPT mark a deliberate pivot toward embedded fiat-to-crypto rails and stablecoin payments for real-world commercial activity.
Last 12 months
Product timeline
2023
TON Foundation established as a Swiss non-profit (c/o Sielva Management SA, Zug) to steward the TON Blockchain — originally tied to Telegram's open-source network.· pivot
2025
Appointed Nikola Plecas as VP Payments, signalling a strategic push into real-world payment infrastructure and stablecoin settlement.· banking
2025
Selected OpenPayd to provide global fiat infrastructure — multi-currency treasury, cross-border grant funding, and international fiat rails via a single API.· banking
2026
Partnered with Banxa (OSL Group) to bring regulated stablecoin payment infrastructure to SMEs across Asia-Pacific.· banking
2026
Partnered with SCRYPT (Switzerland's largest stablecoin infrastructure partner) to enable institutional USDT access on TON Blockchain.· banking
Regulated entities
Non-profit foundation
Switzerland
The Open Network Foundation
The stack
Accounting gap: none