TON Foundation Welcomes New President, Focusing on Expanding in the US Market and Decentralization Development

Coin World News, January 21st, TON Foundation announced the appointment of Manuel Stotz as the new president, focusing on promoting the expansion and strategic development of TON in the U.S. market. Stotz has extensive experience in global investments and the blockchain field, having been a co-founder of Kingsway Capital, managing assets of billions of dollars, and supporting the rise of several key blockchain projects. Under Stotz's leadership, the TON Foundation will accelerate the development of Decentralization technology and strive to establish new partnerships in the U.S. market, further promoting the global development of the TON ecosystem. Stotz, along with TON founding team member Steve Yun, will work together to advance the foundation's mission, bringing more innovation and cooperation to the blockchain field. Meanwhile, Telegram announced a new collaboration protocol with the TON Foundation, discontinuing support for blockchains and cryptocurrencies other than TON, making TON the sole blockchain infrastructure for Telegram. Telegram will continue to accept Toncoin for payments, including for Telegram Premium, Telegram Ads, and Telegram gateway services. This move further deepens the collaboration between TON and Telegram, providing strong support for the future development of TON. By 2025, the TON Foundation will further promote the development of Decentralization globally, especially in the U.S. market, consolidating TON's leading position in blockchain technology applications and payment solutions.