TON Foundation | Crypto

The TON Foundation and Kingsway Capital Partners are seeking to raise at least $400 million for a crypto treasury company that would hold Toncoin, according to a Bloomberg News report citing people familiar with the matter. The planned vehicle would use a private investment in public equity (PIPE) structure, in which a publicly traded company […] The post Ton Foundation seeking $400M to setup public treasury company to accumulate Toncoin appeared first on CryptoSlate.

The TON Foundation has denied claims that it has launched an official UAE Golden Visa initiative, clarifying that no formal partnership exists between the blockchain project and the UAE government. The clarification follows widespread social media reports suggesting that digital asset investors could gain UAE residency through staking TON tokens. Over the weekend, TON promotions […] The post Ton Foundation clarifies misleading announcement regarding UAE golden visa appeared first on CryptoSlate.

The TON Foundation distanced itself from initial Golden Visa claims, saying the move is an independent initiative with no official backing from the United Arab Emirates government. The foundation behind The Open Network (TON) has released a statement clarifying its role in a program that could lead to legal residency in the United Arab Emirates (UAE) following conflicting reports over the weekend. In a Monday blog post, the TON Foundation said it was in the “early stages of development” with a licensed partner to explore the creation of a UAE Golden Visa. The group added that any authority for the program rested entirely with the UAE government entities and was subject to applicable laws and regulations. “To clarify, no official Golden Visa program has launched in partnership with the government of the United Arab Emirates, nor has any governmental endorsement been granted to TON,” said the foundation. Read more

Nikola Plecas joins TON Foundation to lead its global payments strategy as the network scales for Telegram’s massive user base. The Open Network Foundation (TON Foundation) appointed former Visa executive Nikola Plecas as its new vice president of payments. Plecas will be responsible for shaping and executing TON’s payment infrastructure strategy, the company said in a May 28 blog post. He is tasked with expanding the network’s capabilities, managing financial partnerships and ensuring compliance across jurisdictions as the foundation scales services for over 1 billion Telegram users. Read more