🇺🇸A Stronger TON Foundation and its New President Aim for the U.S.A.
TON Foundation has announced significant
leadership changes:
Manuel (Manny) Stotz, an investor and long-time supporter of blockchain technology, has been appointed as the new president of the organization. This marks a new chapter in TON’s development, as it accelerates its global expansion with a focus on the U.S.
Stotz replaced Steve Yun, a key figure in the foundation’s establishment during his tenure as president. After stepping down, Yun will remain on the board of directors and continue to support the foundation's strategic initiatives.
“Steve Yun’s leadership has been instrumental in guiding TON Foundation to the level of unprecedented growth TON community has achieved today,”
said Manuel, Incoming President of TON Foundation. “The entire TON Community is deeply grateful for his contributions and look forward to continuing to benefit from his wisdom and experience as we embark on this new phase.”
Manny Stotz is the founder of Kingsway Capital, a London-based investment firm managing multibillion-dollar assets from U.S. institutional investors. His work focuses on improving financial accessibility of those living in regions of over 3 billion people, many of whom lack access to banking services and are vulnerable to currency instability.
Kingsway has supported over 50 blockchain companies, including Animoca Brands, Blockchain.com, CoinDCX, and TON coin, making Stotz one of the leading investors in the digital asset space. His investment expertise, understanding of blockchain's role in the global economy, and connections with major financial institutions create unique opportunities for TON's expansion in the U.S.
“Manny’s extraordinary track record in investment and passion for leveraging blockchain to empower communities make him the ideal leader for this next chapter,” said Steve Yun, outgoing President of TON Foundation. “His vision, commitment, and extensive global network align perfectly with the foundation’s renewed focus on strategic expansions"
With Stotz’s appointment, TON Foundation will ramp up its activities in the U.S., where upcoming regulatory changes may create the most favorable conditions for the blockchain industry.
"TON has a unique potential to lead in the blockchain industry," the new president stated. "I look forward to working with our partners and investors to accelerate this mission—especially in the dynamic and innovative U.S. market."
Yet at the same time, TON Foundation remains committed to its principles, focusing on technological development, collaboration with institutions, and integrating blockchain into the global financial system.
The new U.S.-focused strategy opens up great opportunities for capital investment, integration with traditional finance, and scaling the ecosystem.
Steve Yun, who remained on the board of directors, emphasized:
"With the upcoming regulatory changes in the U.S., TON is entering a new era. We will actively engage with institutions to support the largest blockchain adoption in history."
If these initiatives are successfully implemented, TON will solidify its position as a leading blockchain platform - not only for Telegram Mini Apps but also across a wide range of Web3 solutions and financial tools.
In the coming months, we expect to see new strategic moves for the development of TON and its impact on the crypto industry.
Yours in anticipation
@TonPost
