TON Foundation welcomes new president, focusing on US market expansion and decentralized development

On January 21st, the TON Foundation announced the appointment of Manuel Stotz as its new president, with a focus on driving TON's expansion and Strategy and Development in the US market. Stotz has extensive experience in global investment and blockchain, was a co-founder of Kingsway Capital, managed billions of dollars in assets, and supported the growth of multiple key blockchain projects.

 

Under the leadership of Stotz, the TON Foundation will accelerate the development of decentralized technology and strive to establish new partnerships in the US market to further promote the global development of the TON ecosystem. Stotz and TON founding team member Steve Yun will work together to promote the foundation's mission and bring more innovation and cooperation to the blockchain field.

 

Meanwhile, Telegram announced a new cooperation agreement with the TON Foundation, which will stop supporting blockchain and cryptocurrency outside of TON. TON will become Telegram's only blockchain infrastructure. Telegram will also continue to accept Toncoin for payment, including services such as Telegram Premium, Telegram Ads, and Telegram Gateway. This further deepens the partnership between TON and Telegram, providing strong support for TON's future development.

 

In 2025, the TON Foundation will further promote decentralized development globally, especially in the US market, and consolidate TON's leading position as a blockchain technology application and payment solution.