TON Foundation has partnered with Banxa, a regulated crypto infrastructure provider owned by OSL Group, to roll out stablecoin payment infrastructure for businesses across the Asia-Pacific region. The deal aims to bring on-chain payments into everyday use for thousands of small and medium‑sized enterprises, not just crypto‑native projects.
What the TON–Banxa Partnership Delivers
Banxa will integrate its fiat on-ramp and off-ramp rails with the TON blockchain as part of the partnership, enabling businesses to send and receive stablecoins and exchange them for local currencies as needed. Business-to-business settlements, consumer-to-business payments, and cross-border transfers will all be possible with TON.
Banxa and its parent company, OSL, currently hold licenses in Latin America, Africa, the United States, Europe, and the United Kingdom. They also hold licenses in Canada and across the Asia Pacific region. Because of this regulatory footprint, the partners can offer compliant payment flows instead of experimental pilots with unclear legal status.
TON’s peer‑to‑peer rails already serve transfers across several parts of Asia, particularly through Telegram‑related apps. This partnership turns those rails into an enterprise‑grade payment layer that merchants can incorporate into B2B payment terms, checkout processes, and invoicing.
Banxa handles the exchange between stablecoins and local fiat currencies, so businesses do not need to hold or manage cryptocurrency directly. Businesses can invoice in stablecoins on TON and then receive their local currency in regular bank accounts. They still enjoy faster settlement and lower transfer fees than many traditional payment methods.
OSL Group’s Role and Global Expansion Plans
OSL Group, listed in Hong Kong, positions itself as a leading stablecoin trading and payment platform in Asia. It raised about $500 million in 2025 and early 2026 to scale its stablecoin and payment infrastructure worldwide.
Through OSL’s merchant and institutional network, the TON–Banxa stack can reach thousands of existing clients already using stablecoins and digital asset services. TON Foundation says this APAC rollout is only the first step in a longer expansion plan. OSL’s licenses enable the extension of similar stablecoin payment setups to other regions over time.
The Banxa partnership builds on TON’s earlier work to position the network as a settlement layer for stablecoins like USDt. TON Foundation has highlighted rising stablecoin volumes globally and argues that 24/7, low‑cost transfers provide businesses with a practical reason to move payments on-chain.
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