AlphaTON Capital announces JV with Pago Pay for TON Mastercard

AlphaTON Capital (ATON) (TON) announced a strategic joint venture with PagoPay to develop and launch a crypto-enabled Mastercard payment card program that enables cardholders to natively spend TON, USD1 and other cryptocurrencies directly from their digital wallets through ALT5 Sigma Corp (ALTS) and World Liberty Financial. The TON Card Program will provide seamless cryptocurrency-to-fiat conversion through the ALT5 integrated exchange and World Liberty Financial partnerships, allowing users to spend their digital assets at millions of merchants worldwide that accept Mastercard. The program will offer both physical and virtual cards approved for use in the United States and internationally, combining the accessibility of traditional payment infrastructure with the innovation of blockchain technology. Under the joint venture structure, AlphaTON Capital will own and operate the TON Card Program, leveraging its position as one of the largest global holders of TON and its deep relationships within the Telegram ecosystem. PagoPay will provide the technical infrastructure, card issuance capabilities, Mastercard compliance, and back-office systems to support program operations including the ALT5 and World Liberty Financial integrations. The partnership includes an option for AlphaTON Capital to acquire 100% operational control and revenue share of the program, providing strategic flexibility as the TON Card ecosystem scales. Additionally, the agreement contemplates equity participation by PagoPay in AlphaTON Capital, aligning both parties’ incentives toward long-term program success and creating value through both revenue generation and potential equity appreciation.