- TON Foundation plans to raise $400M for its Toncoin treasury.
- Kingsway Capital is reportedly among key backers of the round.
- Telegram’s wallet rollout to 87M users strengthens U.S. push.
The TON Foundation is reportedly looking to raise a massive $400 million to support its Toncoin treasury, according to a Bloomberg report. This bold fundraising effort is a clear sign that the organization is ramping up its ambitions—particularly in the U.S. market.
Backers of the upcoming round include Kingsway Capital, a London-based investment firm known for supporting high-growth tech projects. If successful, this fundraising could mark one of the most significant capital injections in the Layer-1 blockchain space this year.
Telegram Wallet Launch Sets the Stage
Telegram’s recent rollout of crypto wallets to over 87 million users, many of whom are based in the U.S., appears to be the catalyst for this strategic move. With the Toncoin wallet now embedded into a widely used messaging app, TON has a unique gateway to mass adoption in a way few projects can replicate.
This integration makes it easier than ever for users to buy, send, and store Toncoin without leaving the Telegram interface. It’s a user-friendly shift that could drastically expand crypto adoption across mainstream audiences.
U.S. Expansion in Focus
The fresh $400M war chest could allow TON to accelerate its expansion across the U.S.—a key market for Web3 growth. Funds are likely to be channeled into ecosystem development, partnerships, developer support, and compliance frameworks necessary to thrive in a regulated environment.
Investors are already showing bullish sentiment as TON’s ecosystem becomes more robust and visible. With strong financial backing, Telegram’s reach, and growing utility, TON may be positioning itself as a leader in the next wave of blockchain adoption.
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