Ton Foundation, in collaboration with investment firm Kingsway Capital Partners, is planning to create a treasury company aimed at legitimizing Toncoin in markets.
Plan for Launching the Treasury Company
According to Bloomberg, the new project will focus on custodial services for Toncoin, with an initial investment target of $400 million.
Private Investment in Public Equity Model
Sources indicate that the company will use a PIPE (private investment in public equity) structure, whereby a public company issues shares to a select group of private investors. Kingsway, led by Manuel Stotz, who is also the president of the Ton Foundation, will be among the investors.
Impact on Toncoin and Institutional Investments
The new project could strengthen institutional investment in Toncoin and open new channels for token investments in public markets, particularly in the US. Although TON is formally separate from Telegram, its price remains sensitive to news about the messaging platform and its founder, Pavel Durov.
Such initiatives garner attention, especially following the success of companies like Strategy, potentially increasing interest in Toncoin within public finance.
