The TON Foundation has announced a major leadership shift, appointing Manuel “Manny” Stotz as its new President. This move is a significant step in the foundation’s mission to accelerate blockchain adoption globally, with a particular focus on expanding operations in the United States.
Manuel Stotz succeeds Steve Yun, who has served as President during a period of substantial growth for the foundation. Per the Foundation, Steve will transition to a role on the Board, continuing to provide his expertise and support to the organization’s ambitious mission.
Manny Stotz praised Steve Yun for playing a key role in helping the TON Foundation and its community grow significantly.
“Steve Yun’s leadership has been instrumental in guiding TON Foundation to the level of unprecedented growth TON community has achieved today. The entire TON Community is deeply grateful for his contributions and look forward to continuing to benefit from his wisdom and experience as we embark on this new phase.”
Manuel Stotz, the incoming President, is no stranger to the TON Foundation. As a member of its Board since the foundation’s establishment in Switzerland, Manny has been a key figure in its strategic direction. His professional background is marked by extraordinary achievements in the financial and blockchain sectors.
He is also the Founder of Kingsway Capital, a London-based investment firm managing several billion dollars on behalf of US institutional investors. Kingsway has a unique focus on frontier and emerging markets, regions that are home to over three billion people.
Manny, through Kingsway, has supported blockchain technology to solve financial challenges, backing over 50 blockchain companies like Animoca Brands, Blockchain.com, CoinDCX, and TON coin. His expertise in blockchain and global connections make him an excellent choice to lead TON’s growth in the US.
The United States has long been a hub for technological innovation and investment, making it a vital market for the TON Foundation. Manny Stotz’s experience in managing relationships with US institutional investors and his understanding of regulatory frameworks will be instrumental in ensuring TON’s success in this competitive landscape.
Expressing his honour for taking the role, Manuel Stotz stated that he is “honored to step into this role and build on the incredible foundation established by Steve and the entire team.” Manny believes that TON is uniquely positioned to lead the blockchain revolution. “I look forward to working with our partners and stakeholders to accelerate this mission—especially in the dynamic and innovative US market,” he added.
According to the TON Foundation, the leadership change ensures both continuity and a renewed focus on growth. With Steve Yun on the Board and Manny Stotz leading, the foundation aims to expand blockchain adoption, strengthen partnerships, and drive innovation globally.
The cryptocurrency market in the United States is a significant portion of the global market. As of late 2024, the total global crypto market value reached approximately $3.4 trillion, with the U.S. accounting for a major share due to its robust regulatory environment, institutional investment, and infrastructure.
Additionally, the presence of a pro-crypto President-elect, Trump, is attracting crypto projects to establish themselves in the US. As his inauguration draws near, there are expectations of more supportive crypto policies being enacted to boost the industry.
