The Open Network (TON) Foundation, a non-profit organisation supporting the development of TON Blockchain, is partnering with SCRYPT, one of Switzerland’s stablecoin infrastructure partners, to provide businesses with institutional-grade infrastructure to access USDT on the TON Blockchain.
TON Foundation says that it has selected SCRYPT as its institutional infrastructure partner to meet the increasing demand of stablecoins as the settlement layer of choice for global payments, ecosystem distribution, and treasury operations.
SCRYPT will provide execution, settlement, and fiat access in a move that helps TON Foundation further position TON Blockchain as a scalable alternative to existing settlement networks, the firm adds.
SCRYPT — the operating system for digital assets — enables banks, fintechs, payment providers, and corporate treasuries to access USDT on TON through a single, Swiss-licensed regulated platform.
This includes near-instant cross-border settlement, fiat conversions, and fully compliant 24/7 on/off ramps.
According to SCRYPT, by combining deep liquidity, proprietary technology, and Swiss regulatory oversight, it enables institutional clients to move, convert, and settle USDT flows on TON Blockchain at scale.
Nikola Plecas, vice president of payments at TON Foundation, comments: “We’ve put payments innovation at the centre of our strategy for growth this year. We believe this is a key area in demonstrating how blockchain can power real-world financial infrastructure beyond tokenisation.
“This partnership enables that next phase, bringing more and more institutions into the TON ecosystem and making the global movement of money ever more decentralised and seamless.”
Gabriel Titopoulos, managing director of markets and trading at SCRYPT, adds: “Stablecoin rails are becoming the settlement layer for global payments.
“This partnership enables banks, payment operators, fintechs, and corporate treasuries to access stablecoins on TON with the trusted digital asset infrastructure partner, handling execution, settlement, custody, and fiat conversions at institutional scale.”
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