Catenaa, Monday, February 23, 2026-The TON Foundation is partnering with crypto infrastructure provider Banxa to enable stablecoin payment processing for small and medium-sized enterprises across the Asia-Pacific region.
The integration will allow APAC merchants to use The Open Network (TON) blockchain for business-to-business settlements, consumer-to-business payments, and cross-border transactions.
Banxa, an OSL Group company, provides licensed fiat-to-crypto on- and off-ramp services across Asia-Pacific, the U.S., the UK, Europe, Latin America, and Africa.
TON Pay, the foundation’s recently launched payment SDK, supports Toncoin and USDT payments directly within Telegram Mini Apps.
The platform processes transactions with sub-second settlement times and fees averaging under $0.01, targeting Telegram’s 1.1 billion monthly active users.
Nikola Plecas, vice president of payments at TON Foundation, described the partnership as part of efforts to create TON-based use cases with long-term commercial utility for global businesses.
The collaboration follows OSL Group’s recent expansion into payments through its acquisition of Banxa, which completed a $200 million equity financing round in January 2026, building on a $300 million raise in 2025, the largest publicly disclosed equity raise in Asia’s digital asset sector at the time.
By combining TON blockchain infrastructure with Banxa’s payment network, the partnership aims to streamline cross-border settlements, reduce transaction costs, and accelerate adoption of stablecoin-based payments among APAC merchants.
The initiative positions TON Pay and Banxa as key players in regional stablecoin infrastructure while leveraging Telegram’s large user base to expand digital asset utility for businesses.
