The TON Foundation has partnered with Banxa, a subsidiary of the OSL Group, to provide stablecoin payment services for Asian businesses.

PANews reported on February 17 that, according to an official announcement, the TON Foundation has partnered with Banxa, a regulated crypto infrastructure provider under the OSL Group, to provide compliant stablecoin payment infrastructure for thousands of SMEs in the Asia-Pacific region.

This collaboration positions TON as the operational payment layer for real-world business activities in Asia. Leveraging OSL's merchant and institutional network and Banxa's payment channels, SMEs in the Asia-Pacific region can now use TON for actual payment workflows, including business-to-business settlements, cross-border transactions, and consumer-to-merchant payments.

Banxa handles the exchange between local fiat currency and digital assets. While TON's P2P payment infrastructure is already widely used in the region, this partnership expands its application to enterprise-level business scenarios.