Yeliz Akmaca 
The TON Foundation continues to bring institutional capital into the Web3 ecosystem. In partnership with Kingsway Capital, the foundation has initiated efforts to establish a new $400 million Toncoin treasury. This move aims to bring digital asset reserves into a more transparent and institutional framework.
The team plans to raise the fund under a public structure. They are building the setup through a SPAC model and PIPE investment. Through this structure, investors gain both transparency and direct access. The company is using the capital raised solely to purchase Toncoin—strengthening reserves and supporting the asset in the long term. This gives institutional investors the chance to implement long-term reserve strategies.
Following the announcement, Toncoin’s price surged, reaching $3.33 in a short time. This rise indicates the market welcomed the institutional interest positively.
Toncoin Ecosystem Expands with Institutional Reserve Model
In March 2025, the TON Foundation completed another major funding round. Back then, Sequoia, Ribbit, Benchmark, Draper, and Kingsway Capital collectively purchased $400 million worth of Toncoin. The foundation used these funds for developer grants, user acquisition, and global marketing efforts.
The new fund structure represents a more public and regulated version of that model. Investors will gain exposure to the Toncoin ecosystem not only through tokens but also via equity. This structure echoes Tesla’s Bitcoin reserve strategy and sets a new institutional benchmark for Web3-based asset management.
Telegram integration is accelerating Toncoin’s growth. In the past year, the number of active accounts surged from 4 million to 41 million, while wallets increased to 121 million. The team aims to reach 30% of Telegram’s user base—around 450 million potential users. Through the Mini App infrastructure, each user can access blockchain experiences directly.
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