AlphaTON Capital partners with Pago Pay to launch TON Mastercard program

AlphaTON Capital Corp (NASDAQ: ATON) announced a joint venture with Pago Pay to develop a cryptocurrency-enabled Mastercard payment program that allows users to spend TON and other digital currencies directly from their wallets.

The TON Card Program will provide cryptocurrency-to-fiat conversion through partnerships with ALT5 Sigma Corp (NASDAQ: ALTS) and World Liberty Financial. The program will offer physical and virtual cards approved for use in the United States and internationally at merchants that accept Mastercard.

"This partnership represents a significant milestone in our mission to build institutional-grade access to the TON ecosystem," said Brittany Kaiser, Chief Executive Officer of AlphaTON Capital. "By enabling native cryptocurrency spending through Mastercard's global network, we're removing friction between digital asset ownership and real-world utility."

Under the joint venture structure, AlphaTON Capital will own and operate the TON Card Program, while PagoPay will provide technical infrastructure, card issuance capabilities, Mastercard compliance, and back-office systems. AlphaTON Capital holds exclusive rights to market and distribute Mastercard-branded cryptocurrency cards featuring TON integration through this program.

The partnership includes an option for AlphaTON Capital to acquire 100% operational control and revenue share of the program. The agreement also contemplates equity participation by PagoPay in AlphaTON Capital.

The companies expect to execute definitive agreements within 30 days, followed by Mastercard application submission and approval processes. Initial card production and program launch are targeted for approximately 90 days following Mastercard approval, subject to regulatory compliance.

AlphaTON Capital focuses on developing the Telegram ecosystem and managing a strategic reserve of TON tokens. The company trades on Nasdaq under the ticker symbol ATON.

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