TON Foundation Announces Strategic Partnership with HashKey Group

Hong Kong, April 12th, 2024 - Today, HashKey Group and TON Foundation announced a strategic partnership. TON Foundation will explore using HashKey Group resources for treasury management in the Asia-Pacific region, while HashKey Group will explore potential investments within the TON ecosystem, reflecting a shared belief in the network's growth and development.

The partnership's objective is to support the TON Ecosystem by providing incubation efforts for projects within the ecosystem and providing accessibility to on-and-off ramp services for users of Wallet in Telegram in the Asia-Pacific Region. With a shared commitment to making cryptocurrency a more integrated part of everyday life, the two entities will work together to improve accessibility and user experience within the TON ecosystem.

The partnership will explore new ways to support early-stage TON ecosystem projects and is also set to increase access to fiat on and off-ramps for users of Wallet in Telegram in the Asia-Pacific Region. TON Foundation and HashKey Group will continue to work together to improve the TON ecosystem’s accessibility and user experience as part of their shared commitment to integrating cryptocurrency and blockchain technology more deeply into everyday life.

TON Bootcamp initiatives will continue as part of the partnership, with the ongoing collaboration set to nurture even more new and exciting projects on TON blockchain. Together, TON Foundation and HashKey Group will support new ecosystem projects by providing mentorship, networking opportunities, and other incubation activities. HashKey Group will also look to invest in promising TON ecosystem projects, subject to thorough due diligence processes.

“As we embark on this strategic partnership with TON Foundation, we are committed to enhancing digital asset services for users across the Asia-Pacific region,” said Livio Weng, COO of HashKey Group. “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.”

“Through this strategic partnership with HashKey Group, we are excited to provide further support to independent and already influential communities around TON in this region," said Steve Yun, President of the TON Foundation. “Led by local teams already achieving virality, we look forward to ushering in a new generation of mini-app builders on TON.

While initially focusing on the Hong Kong market, TON Foundation and HashKey Group are dedicated to following all regional laws and regulations. Success in this initial market will set the stage for extending their joint efforts to other markets, aligning with their shared vision of promoting accessible and decentralized financial services. TON Foundation is also exploring resources from HashKey Group as a treasury management solution.

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About HashKey Group

Established in 2018, HashKey Group is Asia's leading end-to-end digital asset financial services group that upholds the principle of "compliance first". Headquartered in Hong Kong and with operations in Singapore and Tokyo. The Group has a wide range of businesses that provide retail investors, large institutions, family offices, funds, and professional and accredited investors with innovative investment opportunities and end-to-end solutions in the fields of digital assets and the Web3 ecosystem.

Our core businesses include HashKey Exchange, a licensed virtual asset exchange regulated by the Hong Kong SFC; HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a world-leading blockchain node validation service provider; HashKey Tokenisation, a tokenisation services provider; and HashKey NFT, a Web3 incubation and community operation service provider, among others. To learn more about HashKey Group.

For media enquiries and more information, please contact:

HashKey Group/ HashKey Exchange

Athena Yuan: athena.yuan@hashkey.com / Luna Wang: luna.wang@hashkey.com

About The Open Network

The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON's vision is to empower 500 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org/.

For further information, please contact press@ton.org