The TON Foundation has partnered with crypto infrastructure provider Banxa to roll out stablecoin payment processing for small and medium-sized enterprises across the Asia-Pacific region.
The collaboration enables APAC SMEs to use The Open Network (TON) blockchain for settlement and cross-border money movement, according to a statement on Tuesday.
More specifically, the integration combines Banxa’s fiat-to-crypto on- and off-ramp network with TON’s infrastructure to support business-to-business settlements, consumer-to-business payments, and cross-border transactions. Banxa, an OSL Group company, brings licensed operations across Asia-Pacific, the U.S., the UK, Europe, Latin America, and Africa to the partnership, the firms said.
“This collaboration reflects our emphasis on generating TON-based use cases that provide long-term commercial utility for builders and businesses around the world,” Nikola Plecas, vice president of payments at TON Foundation, said in the statement.
The announcement follows the Feb. 11 launch of TON Pay, a payment SDK that allows Telegram Mini Apps to accept Toncoin and USDT directly within the messaging platform. TON Pay processes transactions with average fees below $0.01 and sub-second settlement times, targeting Telegram’s 1.1 billion monthly active users, according to the foundation.
OSL Group, which acquired Banxa as part of its push into payments, completed a $200 million equity financing round in January 2026, following a $300 million raise in 2025 — at the time the largest publicly disclosed equity raise in Asia’s digital asset sector, according to the firm.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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