TON Foundation Joins Forces with Banxa to Simplify Payments Across APAC

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The TON Foundation has partnered with Banxa to expand stablecoin payment infrastructure for SMEs across the Asia-Pacific region.
The collaboration integrates Banxa’s fiat-to-crypto network with the TON blockchain to support B2B and C2B transactions.
TON Pay, launched on February 11, enables Telegram Mini Apps to accept Toncoin and USDT directly within the app.
The partnership allows businesses to benefit from low transaction fees and fast settlement times under one second.
OSL Group, which owns Banxa, raised $200 million in equity financing in January 2026 to further its expansion in the digital asset sector.

The TON Foundation has announced a partnership with Banxa, a crypto infrastructure provider under OSL Group, to enhance stablecoin payment processing across Asia-Pacific. This collaboration aims to support small and medium-sized enterprises (SMEs) in the region with seamless digital asset payments. Businesses will be able to utilize The Open Network (TON) blockchain for settlements, cross-border transactions, and more efficient money movement.

TON Foundation and Banxa Collaborate to Improve B2B and C2B Transactions

The new partnership integrates Banxa’s fiat-to-crypto on- and off-ramp network with TON’s blockchain infrastructure. This will simplify business-to-business (B2B) and consumer-to-business (C2B) payment processes for companies in the Asia-Pacific region. Through this collaboration, TON Foundation aims to help SMEs tap into the benefits of blockchain for easier and faster cross-border payments.

Nikola Plecas, vice president of payments at TON Foundation, emphasized that the partnership aligns with their goal of expanding commercial use cases for TON globally. “This collaboration reflects our emphasis on generating TON-based use cases that provide long-term commercial utility for builders and businesses around the world,” he said in a statement. With the integration of Banxa’s services, businesses will gain access to a licensed infrastructure network across various regions, including Asia, the U.S., Europe, and beyond.

The Launch of TON Pay and Its Integration with Telegram

The partnership also comes shortly after the February 11 launch of TON Pay, a payment SDK designed to support Telegram Mini Apps. The new solution allows businesses to accept Toncoin and USDT directly within the Telegram app. This is aimed at targeting Telegram’s massive user base of 1.1 billion active monthly users.

TON Pay ensures seamless transactions with an average fee of less than $0.01 and near-instant settlement times. The integration with Telegram also positions the TON blockchain to handle high-volume transactions with minimal fees and ultra-fast processing. This provides a powerful use case for digital asset payments, particularly in the Asia-Pacific region.

OSL Group’s Role and Recent Funding

OSL Group, which owns Banxa, has strengthened its position in the digital asset sector through several rounds of funding. In January 2026, OSL completed a $200 million equity financing round. This followed a $300 million raise in 2025, marking it as one of the largest public equity raises in Asia’s digital asset market. The company’s ongoing expansion aims to further integrate cryptocurrency solutions into mainstream finance.

This partnership between the TON Foundation and Banxa highlights the growing importance of stablecoins in driving business payments. By simplifying digital asset transactions, the collaboration positions both companies to better support the needs of businesses in the region. With the integration of Banxa’s global payment infrastructure, the TON blockchain is poised to become a key player in international settlements and cross-border transactions for SMEs.

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