The TON Foundation has attracted over $400 million in investments from major venture capital firms to expand its blockchain ecosystem.
Investment Highlights
The TON Foundation announced a major investment of over $400 million in its native cryptocurrency, Toncoin (TON), from a consortium of venture capital firms. Leading investors include Sequoia Capital, Ribbit, Benchmark, and others.
Ecosystem Growth through Telegram Integration
A key driver of TON’s recent expansion has been its integration with Telegram, one of the world’s largest messaging platforms. Earlier this year, TON became the underlying blockchain for Telegram’s ecosystem, enabling developers to build financial and interactive applications.
Strategic Plans through 2028
TON Foundation aims to onboard 30% of Telegram users onto its blockchain by 2028. The strategy focuses on developing DeFi solutions, launching mini-games, and creating payment applications.
The investments and strategic partnership with Telegram aim to make blockchain technology more accessible to the mainstream audience.
