TON Blockchain Targets Explosive Growth in US Market in 2025
- TON Foundation to strengthen presence in the US under Stotz
- Stotz replaces Steve Yun, focuses on crypto growth in the US
- US market seen as key for TONs retail adoption of digital assets
The Open Network (TON) blockchain is set to ramp up its presence in the United States. Under the new president Manuel Stotz, TON plans to capitalize on the growing crypto interest in the US, aiming for retail adoption and broader influence in the financial sector
TON Blockchain Eyes US Market Under Trumps Leadership
The Telegram-linked blockchain project, The Open Network (TON), has shifted focus towards the US market. TON plans to expand its presence in the United States under the new administration of President-elect Donald Trump. This marks a strategic move for TON, which sees potential to boost the retail adoption of digital assets in the US market.
TON Foundation aims to strengthen its footprint in the United States. The new administration enables the foundation to work collaboratively with US partners to drive innovation in the digital assets space. The US, as one of the worlds largest financial capitals, offers a solid foundation for TON to expand its influence.
Telegrams relationship with TON
The TON Foundation is a community-driven project which was established in Switzerland in 2023. It was created as a nonprofit organization to support and develop the TON blockchain after Telegram terminated its involvement.
The project, initially known as the Telegram Open Network, raised $1.7 billion in 2018 before Telegram discontinued its involvement in 2020 following legal challenges with the US Securities and Exchange Commission (SEC).
However, TONs development continued under independent developers and communities after Telegrams exit. As an open-source project, the TON blockchain gained momentum, establishing a foundation for various entities. Telegram still maintains a relationship with TON, integrating Toncoin and blockchain features into its platform, including its third-party crypto wallet.
Manuel Stotz to Lead TON Blockchain Focus
The move to the US market will be steered by the newly appointed president of the TON Foundation, Manuel Stotz. Stotz, an established investor in digital assets, will replace outgoing Steve Yun, who will remain on the board. Under Stotzs leadership, the foundation will work to tap into the USs dynamic financial landscape and increase its influence in the crypto space.
Stotz who co-founded Kingsway Capital Partners, boasts of a diverse background in digital assets investment. The firm has supported more than 50 major projects in the blockchain and cryptocurrency sectors. Some of these projects include Blockchain.com, CoinDCX and Toncoin.
The TON Foundation believes the US is a suitable location to expand the retail adoption of digital assets. Stotz emphasized that the US market could become a crypto hub, benefiting both the foundation and the entire crypto ecosystem. As TON prepares for the next phase of its growth, it will continue to engage with its community and stakeholders to accelerate its mission.
Read more: https://www.tronweekly.com/telegrams-ton-eyes-us-market-under-trump-era/
Text source: TronWeekly
