Jamie Crawley is a CoinDesk news reporter based in London.
TON started life as a project by Telegram but was picked up by members of its community after the messaging app abandoned it due to legal action from the SEC.The stewards of the TON ecosystem have formed a partnership with HashKey Group, the parent company of the Hong Kong-licensed
One of the aims of the partnership is to increase provision for on- and off-ramping of crypto and fiat to Asia-Pacific users of the wallet service in messaging app Telegram. The TON blockchain started life as an in-house project by Telegram in 2018 but was abandoned two years later followingHashKey and the Foundation are focussing their partnership on Hong Kong in the first phase but say they will expand to other APAC markets should their initial efforts prove a success, according to an emailed announcement on Friday.climbed around 1.7% in the hour following the announcement, down nearly 4% in the last 24 hours.
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