The TON Foundation has announced plans to partner with Kingsway Capital to create a new Toncoin treasury aimed at financing token operations and increasing their value.
TON Foundation and Kingsway Capital Partnership
The TON Foundation has announced a partnership with Kingsway Capital Partners to establish a new Toncoin treasury. The joint entity is set to raise up to $400 million to improve Toncoin treasury operations. This partnership aims to use TON as a core financial reserve, reflecting strategies seen in other Layer-1 ecosystems.
Funding Strategy through PIPE
According to sources, the funding will come through a private investment in public equity (PIPE). Investors will be able to buy shares in the new company at a lower price before it goes public. Analysts suggest the PIPE structure could enhance TON's liquidity and price stability, especially if the treasury adopts long-term holding strategies.
Current Situation of Toncoin Price
Following the treasury announcement, the price of Toncoin increased by 2%, reaching $3.16. The market capitalization rose to $7.68 billion. However, trading volume over 24 hours is down nearly 20%, indicating low market momentum. The MACD shows early signs of bullish momentum, while the RSI suggests moderate buying activity.
The establishment of the Toncoin treasury and the partnership with Kingsway Capital emphasize the TON Foundation's commitment to increasing the value of its tokens and strengthening market positions.
