The Open Network Foundation (TON Foundation), the non-profit association supporting the growth of The Open Network (TON), announces its official launch as a Swiss non-profit organization.

Switzerland is known for its rich history of technological innovations across multiple industries, including its clear and precise legal framework surrounding blockchain and cryptocurrency. The country’s regulatory clarity is vital to the long-term planning, strategy, and execution of TON Foundation’s mission in supporting the TON ecosystem.

“This marks the next chapter for the Toncoin community,” said Steve Yun, President of TON Foundation. “At the service of our community, TON Foundation will pursue strong governance and transparency under the guidance of Swiss regulations.”

The launch of TON Foundation’s Swiss organization coincides with a series of upcoming initiatives, including a carefully planned series of enterprise partnerships and integrations to incentivize developer acquisition, user participation, and network growth. By Q4 of 2023, a publicly available roadmap on the newly launched website will guide the Foundation’s endeavors to educate the public, empower development, and exercise ecosystem expansion on TON.