TON Foundation and Banxa: New Alliance for Stablecoin Payments in Asian Businesses

The TON Foundation has announced a significant collaboration with Banxa, a company within the OSL group, to bring the power of the TON blockchain and stablecoin payments to thousands of small and medium-sized enterprises (SMEs) in the Asia-Pacific (APAC) region.

This initiative marks a decisive step towards the large-scale adoption of blockchain-based payment solutions in the real world, particularly in one of the most dynamic regions for trade and digital innovation.

TON, Banxa, and OSL: A Synergy for Digital Transformation

Thanks to the integration between the network of merchants and institutions of OSL, Banxa’s global payment infrastructure, and the speed of the TON blockchain, the partnership aims to meet the growing demand for fast and efficient cross-border payments.

SMEs in the APAC region will thus be able to leverage TON technology to settle payments in stablecoin, manage B2B transactions, cross-border operations, and consumer-to-business (C2B) payments, benefiting from a platform already widely used for peer-to-peer transfers in the region.

TON Pay: the New Frontier of On-Chain Payments

This collaboration follows the recent launch of TON Pay, the new on-chain payment layer designed to bring cryptocurrency payments to the consumer scale, starting with TON’s native applications on Telegram.

These developments highlight the strategy of the TON Foundation: to make the TON blockchain a benchmark infrastructure for efficiency in digital payments, both for in-app merchants and large international companies.

Real and Regulated Adoption: The Case of OSL and Banxa

While many entities in the digital sector are still looking towards future adoption, TON and its partners are already enabling concrete use cases.

OSL, a leading platform for trading and stablecoin payments in Asia, solidified its position with a $300 million funding round in 2025, the largest ever announced in the Asian digital asset sector, followed by an additional $200 million round to expand its global payments and stablecoin infrastructure.

The strength of this alliance also lies in regulatory coverage: Banxa boasts a network of licenses that spans the United States, Europe, the United Kingdom, Canada, and APAC, ensuring compliance and security for all operations.

An Infrastructure Ready for the Real Economy

Nikola Plecas, Vice President of Payments at TON Foundation, emphasized how this collaboration is aimed at generating concrete use cases based on TON, providing long-term commercial utility for developers and businesses. “Our infrastructure actively supports stablecoin payment flows used in daily operations, reinforcing its role as a settlement layer ready for enterprises,” stated Plecas.

The agreement with Banxa is part of an enterprise adoption path for TON already initiated by companies like Bloxcross and Shift4, which use the blockchain to process and settle payments.

Sean Moynihan, COO of Banxa, highlighted how the combination of TON’s scalability and Banxa’s ability to manage on and off ramps between fiat and digital currencies allows any company to benefit from stablecoin payments, eliminating the complexities of currency conversions. “Together with OSL Group and TON, we are building the compliant technological layer for global commerce,” added Moynihan.

OSL Group: A Global Network Serving Businesses

OSL Group operates with licenses in all major regions of the world, including Asia Pacific, United States, United Kingdom, Europe, Latin America, and Africa. Xavier Xiang, Director of Payments at OSL Group, stated that enabling stablecoin payments for Asian companies is just the first step in a broader strategic partnership. “We are ready to bring our payment solutions, supported by OSL’s liquidity and global network, to all developers and businesses in the expanding TON ecosystem,” Xiang declared.

TON Foundation: A Community at the Heart of Innovation

The TON Foundation is a non-profit organization founded in Switzerland in 2023, supported by a community of contributors working on protocol development, ecosystem growth, and platform definition.

While promoting TON’s mission, the foundation does not exert any central control over the blockchain, which remains open-source and open to contributions from everyone.

Banxa: Integrated and Global Crypto Infrastructure

Banxa has established itself as a leading provider of integrated crypto infrastructure, facilitating access to cryptocurrencies and stablecoins for over 400 companies and millions of users worldwide. With offices in the United States, Europe, and Asia-Pacific, Banxa aims to revolutionize the movement of money globally, combining speed, efficiency, and regulatory security.

OSL Group: Leader in Digital Financial Services

OSL Group (HKEX: 863) is the leading platform in Asia for trading and payments in stablecoins, committed to providing efficient and globally compliant digital financial services. With values of openness, security, and transparency, OSL aims to build an ecosystem capable of connecting global markets and enabling instant and secure value transfers between fiat and digital currencies.

A Future of Borderless Digital Payments

The partnership between TON Foundation, Banxa, and OSL Group marks a pivotal moment for the adoption of stablecoin payments in Asian businesses. By integrating regulated infrastructures, cutting-edge technologies, and a global network of partners, this alliance lays the groundwork for a future where digital payments will be increasingly fast, secure, and accessible to companies of all sizes.