Key Insights:

• The TON Foundation has selected Maximilian Crown, co-founder of MoonPay, as its new CEO.
• Prior to this, Crown held the roles of CFO and COO at MoonPay, and has established ties with banks and regulatory agencies.
• The number of active users on the TON blockchain surged from 4 million to 41 million in the last year.

The TON Foundation, associated with the Telegram-backed TON blockchain, has appointed Maximilian Crown, previously the co-founder of MoonPay, to lead as its CEO. Crown, who also served as MoonPay’s CFO and COO, maintains his board position at MoonPay.

This leadership change arrives just a month after the TON Foundation announced a massive investment of $400 million from venture capital firms purchasing the TON token. The active user base on the TON blockchain has rapidly expanded from 4 million to 41 million over the past year, even as the TON token has experienced a substantial decline of 46%.

TON aims to onboard 30% of Telegram’s active users to its ecosystem by 2028.

“The speed, scalability, and unique integration with Telegram make TON stand out in the blockchain landscape,” stated Maximilian Crown. “With access to over 1 billion Telegram users, we have an unprecedented opportunity to grow our ecosystem globally and transform blockchain technology adoption on a large scale.”