TON Blockchain Eyes US Growth, Boosted by Trump’s Leadership Era

• The Open Network plans to expand in the US under Trump’s administration.
• The TON Foundation aims to drive blockchain adoption in the US market.
• Manuel Stotz is the new president of the TON Foundation.

The Open Network (TON), linked to Telegram, plans to expand its presence in the United States under the leadership of incoming US President Donald Trump. The TON Foundation aims to capitalize on the US market’s potential to foster the adoption of digital assets. Manuel Stotz, the newly appointed president of the TON Foundation, will spearhead this initiative.

Manuel Stotz Leads TON’s US Expansion Efforts

Given its position as a major financial hub, the United States has become a significant focus for the TON Foundation. The organization views the US as a strategic market for promoting retail adoption of blockchain technology and digital currencies. This expansion marks a pivotal step in TON’s evolution as it seeks to establish a stronger global footprint.

Manuel Stotz, who replaces Steve Yun as president, emphasizes the importance of the US market for the foundation’s growth. His leadership will guide the foundation’s engagement efforts with partners and stakeholders. This initiative aligns with TON’s vision of driving blockchain innovation and adoption on a larger scale.

Manuel Stotz, the founder of Kingsway Capital Partners, brings extensive experience in the digital asset sector. His firm has supported over 50 projects in the blockchain industry, including Animoca Brands and Blockchain.com. His appointment is expected to enhance TON’s ability to navigate the competitive US market.

Under Stotz’s leadership, the TON Foundation plans to implement strategies to accelerate adoption. His involvement reflects the foundation’s commitment to leveraging expertise to achieve its goals. This development underscores Toncoin’s readiness to position itself as a leader in the blockchain space.

Toncoin Gains Support in Telegram Ecosystem

Originally launched as Telegram Open Network, Toncoin faced challenges, including a legal dispute with the US SEC. Telegram ceased its involvement in the project in 2020, paving the way for independent developers to continue developing it. The Toncoin Foundation was established in 2023 as a nonprofit organization supported by community contributions.

Despite Telegram’s formal exit, TON’s blockchain technology remains integrated within Telegram’s ecosystem. Toncoin, the project’s cryptocurrency, has seen growing support, including default functionality in Telegram’s third-party wallet. These developments highlight TON’s enduring relevance and potential to thrive in the US market.

The TON Foundation’s focus on US growth under Trump’s administration represents a significant chapter in its journey. With strategic leadership and a clear vision, Toncoin is positioned to contribute to blockchain innovation and adoption substantially.