Toncoin: $400 million investment in TON by venture capital

Toncoin: $400 Million Investment in TON by Venture Capital

Toncoin is receiving a huge boost: the venture capital firm Minden has committed $400 million for the further development of the TON blockchain. Major investors are entering the market.

The Telegram blockchain TON has been back in business since mid-2021 without Telegram involvement and is establishing itself in practice. TON’s original cryptocurrency, Toncoin, has become a permanent fixture in the top 30 of the most capitalized altcoins, and now fresh venture capital is injecting new momentum. In a press release, Minden, a private venture capital firm, has announced its intention to invest $400 million in the TON ecosystem and specifically in Toncoin.

Minden wants to actively build infrastructure for TON, especially in the areas of decentralized finance and gaming. In a first step, Minden has already participated significantly in a $40 million investment round in Toncoin, with other renowned venture capitalists. Minden emphasizes that the unique transaction speed of the TON blockchain presents excellent opportunities for a wide variety of applications.

The TON Foundation welcomes the investment from Minden and considers it an opportunity to further accelerate the worldwide spread and adaptation of the TON blockchain. Minden’s Board of Directors expresses conviction that TON is ideally positioned to break through as an industry standard with its technology. Village Global, K3 Ventures, DST Global, and Simons Ventures are also named as Minden’s partners.

In parallel with this investment, Minden is establishing a decisive association with the TON Foundation, made apparent by the appointment of Minden co-founder Tim Chen as a strategic advisor to the TON Foundation. The TON Foundation speaks of a far-reaching collaboration that will achieve its full potential.

In conclusion: venture capital funds entering the crypto and blockchain sector bring money and credibility. With Minden’s commitment, TON can now count on a well-known partner who, as seen in the past, implements an aggressive investment strategy. If Minden and the TON Foundation manage to gain broader attention and other investors, Toncoin and the entire TON ecosystem could achieve new levels of reach.