TON Foundation Registers in Abu Dhabi, Targets 500M Users

• TON Foundation has registered under the ADGM regulatory framework.
• The Foundation aims to accelerate adoption in the Middle East region.
• The ADGM framework provides a structured legal foundation for decentralized organizations.

TON Foundation, the community behind The Open Network (TON) blockchain ecosystem, has officially registered under the Abu Dhabi Global Market (ADGM) regulatory framework for decentralized ledger technology (DLT) foundations in the UAE. This registration will help the TON Foundation collaborate with regional stakeholders and regulatory bodies in the Middle East and beyond.

According to reports, The TON Foundation wants to accelerate the blockchain’s adoption by registering under the ADGM regulatory framework, strategically focusing on the Middle East, North Africa (MENA), and Asia-Pacific (APAC) regions. This process will help the Foundation reach its goal of 500 million users by 2028.

The Foundation plans to prioritize advancements in the TON blockchain’s technology. It also plans to enhance TON’s scalability and usability and foster a thriving developer ecosystem. TON Foundation President Steve Yun considers this a key step i…

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