Ton Foundation, the device behind the telegram -bound ton Bblockchain, has appointed Maximilian Crown, co -founder of Moonpay, as his CEO.

Crown was CFO and COO at Crypto Infrastructure Provider and has relationships with banks, payments companies and regulatory bodies. He remains on the board of directors at Moonpay.

The move comes a month after the Ton Foundation announced that it had received a value of $ 400 million from venture capitalist companies that bought the Ton tokenet.

Active users on Ton Blockchain jumped from 4 million to 41 million in the past year. However, the ton -token is down by 46% in the same period.

It aims to board 30% of Telegram’s active users for Blockchain in 2028.

“Ton’s speed, scalability and exclusive integration with telegram separate it in the blockchain room,” said Maximilian Crown. “With access to over 1 billion telegram users, TON has a unique opportunity to expand its ecosystem globally and redefine how blockchain technology is adopted on scale.”