Amid the rising wave of public company cryptocurrency investment, the TON Foundation – the organization behind Telegram’s Toncoin (TON) ecosystem – has just announced a bold $400 million fundraising plan, with the goal of establishing a fund to directly invest in TON.
TON Foundation Joins Hands With Kingsway Capital Partners
According to Bloomberg, TON Foundation is collaborating with Kingsway Capital Partners to launch a capital raising plan through PIPE (Private Investment in Public Equity) - a popular investment model today, often used by public companies to access the cryptocurrency market without a traditional IPO.
It is particularly noteworthy that the head of Kingsway Capital – Manuel Stotz – also holds the position of Chairman of the TON Foundation, showing strategic commitment and clear direction in the long-term vision of this project.
Backing From Wall Street Giants
In addition to Kingsway Capital, the TON Foundation's capital raising deal also includes prominent names in the global financial world such as Cohen & Co. - the unit that advised on the establishment of Ether Machine (a $1.5 billion Ethereum investment fund), and Cantor Fitzgerald, the US government bond custody company for the stablecoin Tether.
This is a clear demonstration of the deep interest of the traditional financial community in the cryptocurrency sector, in which Toncoin is considered one of the notable potential names.
Telegram Pushes Into The US Market – A Golden Opportunity For TON
The enactment of the US stablecoin regulation law (GENIUS Act) is seen as a big motivation for Telegram to step up its operations back into the US market. With the newly launched non-custodial crypto wallet app, Telegram hopes to create a decentralized yet user-friendly crypto ecosystem – something that TON can fully take advantage of.
Lessons From MicroStrategy and Opportunities for Investors
Since 2020, MicroStrategy – a pioneer in Bitcoin accumulation – has shown the power of a “heavyweight” strategy in crypto assets. With over $72 billion in BTC and its stock hitting new highs, MicroStrategy is serving as a model for over 30 other companies that are now setting up funds to invest in Bitcoin, Ethereum, BNB, Solana, Dogecoin, and more.
TON Foundation is following this trend, with the expectation of opening new doors for global investment funds to ride the next wave of cryptocurrencies.
