TON Foundation Partners with HashKey to Improve Telegram Wallet Access

HashKey Telegram TON Foundation
Last updated:
Journalist
Journalist
Tanzeel Akhtar
Author Categories
About Author

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk, Bitcoin Magazine and Bitcoin.com.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

TON Foundation has partnered with HashKey to support the “open network” and “increase access” to fiat on and off-ramps for Telegram wallet users in the Asia-Pacific Region.

In an announcement, TON Foundation and HashKey said they will continue to work together to improve the TON ecosystem’s accessibility and user experience as part of their shared commitment to integrating cryptocurrency and blockchain technology into daily ife.

“By streamlining the fiat on-and-off ramp experience, we aim to make cryptocurrency a seamless part of everyday life, driving forward accessibility and innovation within the TON ecosystem,” said Livio Weng, COO of HashKey in a press release.

“Led by local teams already achieving virality, we look forward to ushering in a new generation of mini-app builders on TON,” said Steve Yun, President of the TON Foundation.

Focus Is on the Hong Kong Market


The partnership will initially focus on the Hong Kong market, TON Foundation and HashKey said they are dedicated to following all regional laws and regulations.

In the release the firms went on to add that success in this initial market will set the stage for extending their joint efforts to other markets, aligning with their shared vision of promoting accessible and decentralized financial services.

‘Hong Kong’s Crypto Regulations Might Limit Global Appeal’


As reported earlier, HashKey COO Livio Weng has also raised questions on Hong Kong’s recent regulations around crypto trading, expressing concerns that they may impede access for international clients.

Hong Kong’s regulatory framework mandated that all crypto exchanges operating within the city must submit applications for regulatory approval by February this year. In response, 24 companies, including prominent players such as Bybit, OKX, and Crypto.com, applied for these licenses. Crypto exchanges that failed to submit license applications are required to discontinue services by May.

HashKey currently holds one of only two licenses granted for digital asset exchanges in Hong Kong. The other licensed exchange, OSL, recently completed a sale of nearly 30% of its stake to BGX. While details remain unclear, sources familiar with the deal reportedly described BGX as an unlicensed cryptocurrency group with ties to China.

TON Foundation said it is also exploring resources from HashKey Group as a treasury management solution.

More Articles

Bitcoin News
North Carolina and Florida Push for Bitcoin Reserves
Hassan Shittu
Hassan Shittu
2025-02-10 23:39:40
Blockchain News
South Korean Coin Gate Lawmaker Kim Nam-guk Cleared of Wrongdoing
Tim Alper
Tim Alper
2025-02-10 23:30:00
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors