TON Foundation partners with HashKey to enhance fiat access for Telegram wallet users

Asia • April 12, 2024, 4:00AM EDT

Quick Take

The TON Foundation intends to expand the availability of fiat on-ramps and off-ramps for Telegram Wallet users in the Asia Pacific region.
The pair said the partnership will also explore ways to support early-stage projects in the TON ecosystem.

TON Foundation, a group of contributors behind The Open Network (TON) blockchain, has partnered with HashKey Group — a Hong Kong-headquartered digital asset financial services firm — to “increase access” to fiat on- and off-ramps for Telegram wallet users.

The pair said on Friday that the partnership will also explore ways to support early-stage projects in the TON ecosystem.

“By streamlining the fiat on-and-off ramp experience, we aim to make cryptocurrency a seamless part of everyday life, driving forward accessibility and innovation within the TON ecosystem,” said Livio Weng, chief operating officer of HashKey Group.

The TON Foundation added that it is also exploring treasury management options from HashKey Group.

HashKey has been expanding its presence in Asia, having co-organized the Web3 Festival conference earlier this week in Hong Kong. On Monday, HashKey launched its global crypto exchange, HashKey Global, after obtaining a license in Bermuda. The firm unveiled its Ethereum Layer-2 chain on Tuesday.

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About Author

Timmy Shen is an Asia editor for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance, entertainment business and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.