AlphaTON Announces Strategic JV With PagoPay To Develop And Launch Crypto-Enabled Mastercard Payment Card Program

AlphaTON Capital Corp ("AlphaTON Capital" or the "Company") (NASDAQ:ATON), a specialized digital asset treasury company focused on the Telegram ecosystem, today 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 (NASDAQ: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.

The joint venture will establish a steering committee with equal representation from both parties to oversee major decisions including the addition of new cryptocurrencies, selection of the exchange partner for crypto-to-fiat conversion, and material changes to program operations. Day-to-day operational decisions will be managed by AlphaTON Capital as the program owner.

The Parties 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.

This strategic initiative expands AlphaTON Capital's comprehensive ecosystem strategy, which encompasses building a strategic TON reserve through direct token acquisition, participating in network infrastructure through validation and staking operations, and developing high-potential applications within the Telegram ecosystem. The TON Card Program represents a critical infrastructure component that will drive adoption and utility for TON tokens while generating sustainable revenue streams for AlphaTON Capital shareholders.