Under the guidance of the TON Foundation, linked to Telegram, there are plans for a significant growth spurt within the United States. This strategic step is being taken in anticipation of a potentially friendlier regulatory climate under the incoming administration headed by Donald Trump.
TON Foundation Appoints Manny Stotz As New President
As a researcher, I’m excited to share that I’ve been appointed as the new president by our organization, marking a substantial shift in leadership. This strategic change is aimed at bolstering our growth plans within the world’s biggest economy.
Manny Stotz, the investor and founder of Kingsway Capital Partners Ltd., steps into the leadership role previously held by Steve Yun. Yun has played a significant part in defining the foundation’s direction and achievements, but will continue to serve on the board, ensuring a seamless transition and preserving consistency in leadership.
Speaking about this significant shift, Stotz acknowledged Yun’s valuable efforts, emphasizing the robust base he established during his tenure as president.
Stotz stated that Steve Yun’s leadership has been crucial in taking the TON Foundation to an unprecedented expansion. The entire TON Community appreciates his valuable contributions and eagerly anticipates gaining from his knowledge and expertise as we venture into this new chapter.
Aiming For Strategic Growth In The US
With his substantial background in the financial industry, specifically in underdeveloped and developing economies, Stotz is ideally suited for guiding the foundation’s endeavors towards U.S. expansion.
For over a decade, he has been a member of the board since its establishment in Switzerland. His extensive expertise in blockchain technology and its capacity to foster financial accessibility is now recognized by the TON Foundation.
As an analyst, I can share that I’ve been actively advocating, via my company Kingsway Capital, for programs that enhance financial inclusion, particularly in areas inhabited by more than three billion individuals who currently lack access to such services.
His investment company has previously supported over 50 key figures in the blockchain industry, among them well-known entities like Animoca Brands and Blockchain.com.
According to Steve Yun, Manny’s exceptional history in investment and his enthusiasm for using blockchain technology to bolster communities qualify him as the perfect candidate for this upcoming phase. His vision, dedication, and vast international network match up seamlessly with the foundation’s recent emphasis on strategic growth within the U.S. market.
As I assume my new responsibilities, I’m eager to speed up the acceptance of TON within the US market, aiming to establish it as a pioneer in the rapidly expanding blockchain landscape. I am humbled by this opportunity and look forward to building upon the remarkable foundation laid by Steve and the entire team.
The TON blockchain stands out as a pioneer in the blockchain movement. I’m excited about collaborating with our associates and investors to speed up this endeavor, particularly within the fast-paced and inventive U.S. market.
Currently, the value of Toncoin, the token associated with its blockchain, stands at approximately $5.34. Over the last month, it has seen a drop exceeding 16%, largely because the broader market has been finding it challenging to rebuild positive momentum or bullish feelings.
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2025-01-15 15:42