TON to expand its US operations

The TON Foundation, the organisation behind the TON blockchain, has elected a new president and announced a “strategic course” to expand operations in the United States.

TON Foundation welcomes @ManuelStotz as its new President, focusing on expanding operations in the US. ?

With a strong background in global investment and blockchain, Manuel is well-positioned to lead the next chapter of $TON‘s growth.

As a co-founder of Kingsway Capital, he… pic.twitter.com/ABWuBbCLOZ

— TON ? (@ton_blockchain) January 14, 2025

Board member Manuel Stotz — a co-founder of investment firm Kingsway Capital — will become the organisation’s president. His predecessor, Steve Yun, will remain on the board and help the new president advance the project in the US market.

“TON has a unique opportunity to lead the blockchain revolution. I look forward to working with our partners and stakeholders to realise this mission, especially in the dynamic and innovative US market,” Stotz said.

According to the project’s official announcement, “significant steps” under the new strategic course can be expected in the coming months.

In December 2024, developers at The Open Platform announced the launch of TON Space, a non-custodial wallet for the TON ecosystem.