Affluent, which will be accessed as a mini app within Telegram, has debuted as a kind of "smart bank for crypto"
The appointment follows Manuel Stotz becoming the president of the foundation's board.
Steve Yun, former president of TON Foundation, addressed claims of favoritism among Mini Apps and pointed out the need for democratization.
Investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, CoinFund, according to a press release.
Developers will be able to deploy tokens on TON from any of LayerZero's chains using a single contract.
Telegram-linked blockchain project, TON, is set to focus on growth in the US market under the incoming administration of US President-elect Donald Trump.
The president of the TON Foundation has millions tapping their phones to earn crypto.
The newly launched Society DAO aims to address a wide range of issues related to decentralization and fair access to capital in the TON ecosystem.
HashKey and the Foundation are focussing their partnership on Hong Kong in the first phase.
The gaming and metaverse-focused firm declined to provide details of the investment.