The TON Foundation has entered a strategic partnership with Banxa, a subsidiary of OSL Group, to accelerate stablecoin payment adoption among small and medium sized enterprises across the Asia Pacific region. The collaboration enables businesses to leverage The Open Network blockchain for faster settlement and more efficient cross border transfers.
By combining Banxa’s global fiat-to-crypto on- and off-ramp network with TON’s blockchain infrastructure, the initiative supports business to business (B2B), consumer to business (C2B), and international payment flows. The integration is designed to simplify how merchants access digital asset payments while remaining compliant in multiple jurisdictions where Banxa maintains licensed operations, including parts of Asia-Pacific, the United States, the United Kingdom, Europe, Latin America, and Africa.
The partnership follows the recent launch of TON Pay, a payment software development kit that allows Telegram Mini Apps to accept Toncoin and USDT directly within the messaging platform. Transactions are processed with fees averaging below $0.01 and near instant settlement times, targeting Telegram’s reported 1.1 billion monthly active users.
OSL Group’s Expansion into Digital Asset Payments
OSL Group has strengthened its payments strategy through the acquisition of Banxa and significant capital raises, including a $200 million equity financing round in January 2026, following a $300 million raise in 2025. The expanded infrastructure positions TON based stablecoin payments as a scalable solution for merchants seeking faster and lower-cost alternatives to traditional cross-border systems.
Disclaimer
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