Amir SohailLAS VEGAS, Sept. 01, 2026 (ZM NEWSWIRE) — TON Strategy Company (“TON Strategy” or the “Company”) (Nasdaq: TONX), a digital asset treasury company dedicated to supporting The Open Network (“TON”) ecosystem, voted in favor of two TON network upgrades, Config -123 and Config 30, supporting continued development of the network’s consumer infrastructure and performance.
Config -123 introduces the smart contract architecture for Telegram’s native Gram Wallet. On August 31, Telegram founder Pavel Durov announced that Gram Wallet is now accessible to a select group of Telegram users and will be gradually rolled out to Telegram’s user base over the next several weeks. Durov also highlighted the validator-approved smart contract powering the wallet.
Rather than embedding the full wallet logic separately in every individual wallet, each wallet uses a small, permanent smart contract that references shared wallet logic maintained at the network level. This allows the core wallet software to be updated consistently across all Telegram wallets through validator governance—without requiring individual users to migrate or update their wallet contracts. The initial version includes signature verification, transaction execution, replay protection and key rotation, and is designed to support additional native functionality such as two-factor authentication and recurring payments over time.
The architecture is particularly important at Telegram scale. A single, shared and upgradeable wallet framework can support potentially hundreds of millions of wallets while keeping the underlying software consistent and current across users. It also enables Telegram to deliver a simple native wallet experience while supporting users who choose to transition to self-custody.
“Blockchain infrastructure has historically pushed too much technical complexity onto the user. Config -123 takes a different approach: the wallet stays in place while the software behind it can evolve through network governance. It is a practical architecture for bringing wallets to hundreds of millions of users—and another example of TON designing blockchain infrastructure to function more like the modern internet: scalable, upgradeable and largely invisible to the end user,” said Kevin Wilson, Chief Executive Officer.
Additionally, Config 30 extends validator leader windows, reducing the coordination overhead associated with frequent handoffs and enabling greater network throughput. The upgrade is expected to increase network throughput by up to 30%.
Together, Config -123 and Config 30 advance two critical components of network scale: the infrastructure to support greater transaction activity and the wallet architecture to bring that infrastructure to a significantly broader user base.
About TON Strategy Company
TON Strategy Company (Nasdaq: TONX) is focused on the accumulation of GRAM – the native cryptocurrency of Telegram’s billion-user platform – for long-term investment, whether acquired through deployment of proceeds from capital raising activity, staking rewards or via open market purchases. The Company aims to steadily expand its GRAM holdings, stake GRAM, and support the development of a tokenized economy inside Telegram.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical fact contained in this press release should be considered forward-looking statements, including, but not limited to, statements regarding: our business and growth strategy; the expected benefits, utility, growth, adoption and development of the TON blockchain and GRAM ecosystem; and the timing, implementation and impact of TON network upgrades. Without limiting the foregoing, in some cases, you can identify forward-looking statements by terms such as “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words.
Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: our incursion of significant net losses and uncertainty whether we will achieve or maintain profitable operations; our ability to grow and compete in the future, and to execute our business strategy; our decision to implement a cryptocurrency treasury strategy, whereby we acquire GRAM, the native cryptocurrency of The Open Network (“TON”) blockchain and our dependence on TON and GRAM as a result of this strategy; our financial results and the market price of our common stock may be affected by the price of GRAM, and our GRAM holdings will be less liquid than cash and cash equivalents; changes in the broader digital asset regulatory landscape and as it relates to TON and GRAM and our failure to comply with applicable regulatory requirements and risks related to any actions we may take to prevent or correct such failure; the availability of opportunities to stake GRAM; our ability to attract and retain qualified management personnel; our susceptibility to cybersecurity incidents and other disruptions, particularly as it relates to our holdings of GRAM; our ability to maintain compliance with the listing requirements of the Nasdaq Capital Market; the impact of, and our ability to operate our business and effectively manage our growth under evolving and uncertain global economic, political, and social trends, including legislation banning or otherwise hampering the digital asset landscape, inflation, rising interest rates, and recessionary concerns; and other important factors discussed in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as any such factors may be updated from time to time in our other filings with the SEC, which is accessible on the SEC’s website at www.sec.gov and our Investor Relations page on our website at www.tonstrat.com/shareholders.
Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. The forward-looking statements in this press release are based on information available to us as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Investor Relations and Media Contact:
Alec Wilson
investors@tonstrat.com
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