TON Foundation, the non-profit organization supporting the development of The Open Network (TON) Blockchain, announced a strategic partnership with Banxa, an OSL Group company and global crypto infrastructure provider. The collaboration enables thousands of small and medium-sized enterprises (SMEs) across the Asia-Pacific region to use TON infrastructure for everyday stablecoin settlement and cross-border money movement.
The partnership positions TON as an operational payments layer for real-world commercial activity, extending its best-in-class infrastructure into one of the world’s most active business and trade regions.
Real-World Adoption at Scale
While much of the digital asset industry continues to focus on future adoption, businesses are already using TON today. Through OSL’s established merchant and institutional network and Banxa’s extensive global payment rails, SMEs across APAC can leverage TON infrastructure for practical payment flows, including B2B settlements, cross-border transactions, and consumer-to-business (C2B) payments. With TON’s peer-to-peer (P2P) rails already widely used across the region, the partnership builds on TON’s ability to support multiple real-world payment use cases at scale.
As Asia’s leading stablecoin trading and payment platform with a global regulatory footprint, OSL secured a US$300 million equity financing round in 2025 – the then-largest publicly disclosed equity raise in Asia’s digital asset sector – and recently completed another round of US$200 million to accelerate the expansion of its global payment and stablecoin infrastructure. Combining Banxa’s established licensing and payment network across the United States, Europe, UK, Canada, and APAC, the group brings deep regulatory coverage to the partnership.
Building Payments Infrastructure for the Real Economy
“This collaboration reflects our emphasis on generating TON-based use cases that provide long-term commercial utility for builders and businesses around the world,” said Nikola Plecas, Vice President of Payments at TON Foundation. “Our infrastructure actively supports stablecoin payment flows used in day-to-day business operations, reinforcing its role as an enterprise-ready settlement layer.”
The Banxa partnership builds on existing enterprise adoption of TON by companies such as Bloxcross and Shift4, which already use TON for payment processing and settlement.
“By combining TON’s scalable blockchain with Banxa’s global reach in fiat-to-crypto on and off ramp capabilities, any business can benefit from stablecoin settlement – moving between local currencies and digital assets without complex conversion friction. Together with OSL Group and TON, we’re building the compliant technology layer for global commerce,” said Sean Moynihan, COO at Banxa.
“OSL Group has licensed operations in all major regions globally including Asia Pacific, US, UK, Europe, Latin America and Africa. This will serve as the foundation of our collaboration with TON,” said Xavier Xiang, Director of Payments at OSL Group. “Enabling stablecoin payments for businesses across Asia is only the first step of our strategic partnership and we look forward to bringing our payments solutions, supported by OSL’s global liquidity and network, to all builders and businesses in the expanding TON ecosystem.”
About TON Foundation
TON Foundation is a non-profit organization supported by community contributors to further TON’s objectives. Founded in Switzerland in 2023, TON Foundation brings together a diverse range of expertise to support protocol development, help shape the platform, and facilitate ecosystem growth. While an advocate of TON’s mission, the foundation does not exercise any authority over TON. TON operates on open-source software, welcomes input and contributions from all individuals, and remains independent of central control.
To learn more, visit https://ton.foundation.
About Banxa
Banxa, an OSL company, is the leading provider of embedded crypto infrastructure – powering seamless integration of digital assets into existing platforms.
Over the past decade, we’ve built global and local payment solutions, backed by an international licensing network, enabling 400+ businesses to deliver crypto and stablecoin access to millions of users around the world.
Headquartered in the United States, Europe, and Asia-Pacific, Banxa is reshaping the way we move money worldwide—with regulatory confidence, speed, and efficiency.
About OSL Group
OSL Group (HKEX: 863) is Asia’s leading stablecoin trading and payment platform that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Licensed, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide.
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