TON Foundation and Kingsway Capital have announced an initiative to raise $400 million to establish a Toncoin treasury company aimed at enhancing institutional credibility and expanding presence in the U.S. market.
Goals of the Initiative
The main goal of this initiative is to create a dedicated Toncoin treasury company using a PIPE structure. This will help improve Toncoin's market presence and pave the way for adoption in the U.S.
Toncoin Strategy
TON Foundation aims to enhance the Toncoin ecosystem by reducing its circulating supply. This involves employing a strategy similar to that used by MicroStrategy for Bitcoin. Key figure Manuel Stotz from Kingsway Capital plays a pivotal role in this initiative.
Market Impact
The $400 million raise is expected to affect U.S. regulatory compliance and spur developer incentives. It may also increase investor interest in Toncoin as a stable institutional asset.
As of now, there have been no direct responses from crypto industry leaders regarding this initiative. Official channels have not reported spikes in on-chain activity or notable trading volumes, indicating stable market conditions.
