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TON Foundation Appoints MoonPay Co-Founder, Maximilian Crown, as CEO
The appointment follows Manuel Stotz becoming the president of the foundation's board.
What to know:
- The Ton Foundation has appointed MoonPay co-founder Maximilian Crown as CEO.
- Crown was the COO and CFO at MoonPay and has relationships with banks and regulators.
- TON blockchain users have jumped from 4 million to 41 million in the past year.
TON Foundation, the entity behind the Telegram-linked TON blockchain, has appointed Maximilian Crown, co-founder of MoonPay, as its CEO.
Crown was the CFO and COO at the crypto infrastructure provider and has relationships with banks, payments companies, and regulatory bodies. He will remain on the board at MoonPay.
STORY CONTINUES BELOW
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The move comes one month after the TON Foundation announced that it had received $400 million worth of investment from venture capitalist firms that purchased the TON token.
Active users on the 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 onboard 30% of Telegram's active users to the blockchain by 2028.
“TON’s speed, scalability, and exclusive integration with Telegram set it apart in the blockchain space,” 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 at scale."
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
