KEY TAKEAWAYS
- Manuel “Manny” Stotz has been appointed as the new President of the TON Foundation, marking a strategic shift towards expanding blockchain adoption in the U.S.
- Steve Yun, the outgoing President, will continue to support the foundation as a Board member, ensuring continuity in its mission.
- Manny Stotz brings a wealth of experience from Kingsway Capital, with a focus on financial inclusion and blockchain investment, positioning TON for growth in emerging markets.
- The leadership transition aims to leverage Manny’s global network to enhance TON’s presence in the U.S. blockchain ecosystem.
The TON Foundation has announced a significant leadership transition with Manuel “Manny” Stotz stepping into the role of President. This change marks a new chapter for the foundation as it aims to accelerate global blockchain adoption, particularly focusing on expanding operations in the United States. The announcement was made here.
Manny Stotz succeeds Steve Yun, who has been instrumental in shaping the foundation’s vision and achievements during his tenure. Steve Yun will continue to contribute to the foundation as a member of the Board, ensuring continuity and supporting its ambitious mission.
“Steve Yun’s leadership has been instrumental in guiding TON Foundation to the level of unprecedented growth TON community has achieved today,” said Manuel Stotz, the incoming President of TON Foundation. “The entire TON Community is deeply grateful for his contributions and looks forward to continuing to benefit from his wisdom and experience as we embark on this new phase.”
Introducing Manuel Stotz: A Visionary Leader for TON’s Next Chapter
Manny Stotz brings extensive experience to the TON Foundation, having served on its Board since its inception in Switzerland. He is the Founder of Kingsway Capital, a London-based investment firm managing several billion USD on behalf of U.S. institutional investors, with a focus on frontier and emerging markets.
Through Kingsway, Manny has championed financial inclusion in regions home to over three billion people, many of whom are unbanked or underbanked. Recognizing the transformative potential of blockchain technology, Kingsway has backed over 50 blockchain sector leaders, including Animoca Brands, Blockchain.com, CoinDCX, and TON coin. Manny’s understanding of blockchain’s role in economic empowerment and his investment history have created a network of global investors, institutions, and successful entrepreneurs, uniquely positioning him to expand TON’s adoption in the U.S. market.
“Manny’s extraordinary track record in investment and passion for leveraging blockchain to empower communities make him the ideal leader for this next chapter,” said Steve Yun, outgoing President of TON Foundation. “His vision, commitment, and extensive global network align perfectly with the foundation’s renewed focus on strategic expansions into the U.S. market.”
“I am honored to step into this role and build on the incredible foundation established by Steve and the entire team,” said Manny Stotz. “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 U.S. market.”
Continuity and Momentum
As the TON Foundation embraces this leadership transition, the organization remains committed to its mission and values. With Steve Yun’s ongoing guidance as a Board member and Manny Stotz’s visionary leadership, the foundation is poised for a future defined by growth, collaboration, and innovation.
The coming months promise significant steps forward for TON in the U.S., further solidifying its position as a leading player in the global blockchain ecosystem.
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