Kingsway Capital Partnership Secures Massive Agreement

The company has entered into a private agreement with institutional and accredited investors to sell approximately 58.7 million shares (including pre-funded warrants) at a price of $9.51 per share—matching the closing price as of August 1, 2025. The deal is expected to bring in around $558 million in gross proceeds.

The transaction is anticipated to close around August 7, 2025. Verb Technology plans to allocate the majority of the net proceeds from this agreement to purchase $TON, potentially making the firm one of the largest holders of this altcoin globally.

$TON to Become the Company’s Primary Treasury Asset

The company will designate $TON as its primary treasury reserve asset. This move will allow Verb to earn staking rewards through its positive cash flow, managing and growing its TON holdings over time. Meanwhile, the company’s current business operations are expected to continue and further expand.

Telegram and TON: A Strong Synergy

Earlier in 2025, Telegram and the TON Foundation declared that TON would serve as the official blockchain infrastructure of the Telegram ecosystem. TON has become the only way for Telegram content creators and mini-app developers to withdraw their earnings. It also powers Telegram Ads, usernames, accounts, NFTs, and the entire mini app system.

Telegram users can make direct in-app transactions using $TON. Earlier this year, the integrated TON Wallet, a self-custody wallet solution, became available to 87 million users in the United States. Globally, Telegram’s monthly active user base exceeds 1 billion.

Visionary Leadership with Strong Backing

Manuel Stotz, CEO of Kingsway Capital, will serve as the new Chairman of the Board for Verb Technology. Stotz stated, “Telegram is the most preferred messaging app among the crypto community, and $TON is the core currency supporting this ecosystem. I believe long-term capital tools are ideal for assets like TON that offer both value appreciation and staking rewards.”

Peter Smith, CEO and co-founder of Blockchain.com, will also join the company as a special advisor. Smith commented, “The TON ecosystem is a critical step in global crypto adoption. With this agreement, we are investing in the future of digital commerce.”

Lastly, current CEO Rory J. Cutaia remarked, “I believe this opportunity will create significant value for all VERB shareholders.”

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Axelar’s MDS provides a developer-friendly, secure, and open platform that will support seamless cross-network integration, eliminating fragmented liquidity and improving the user experience by preventing assets from being isolated on different chains. This integration is also expected to capitalize on Telegram’s vast user base of nearly 950 million active users, offering them access to a variety of decentralized services and mini-apps, directly within the Telegram ecosystem.

Might interest you: What is BabyDoge?

Axelar, known for its interoperability solutions, already supports multiple blockchain ecosystems, including Ethereum, Cosmos, and Polkadot. By adding TON to its network, Axelar aims to streamline asset transfers and interactions across these major blockchain systems, offering a more unified and user-friendly cross-chain experience.

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TON Emerges as 11th Largest Blockchain for Tether

From its start on April 19th, TON has proven to rapidly gain world recognition as the 11 th biggest block chain for tether from 16 in general. Tether’s partnership with TON Foundation is bound to initiate revolutionary changes in international remittances and XAU, the stablecoin of Tether Gold (XAUT), will similarly be unveiled on this network.

Instant, Free Cross-Border Payments

The Open Network team has welcomed the integration and has talked about the user friendliness of the cross border payment, which now is straightforward as text messaging to the vast user base of over 900 million on Telegram. Paolo Ardoino, the CEO of Tether, announced with enthusiasm that $35 million USDT alone was issued on TON, a positive sign for the future of the platform.

Expanding Fiat Integration

Telegram users can send transfers directly and securely, thanks to telegram wallet, without using cumbersome blockchain addresses or downloading additional apps. In addition, Tether has announced its intention to incorporate fully-fledged on-ramps for fiat currencies from all world markets at launch, whereas off-ramps are to be supported in the close future, thus offering the possibility for direct withdrawals to bank accounts or cards.

Diversification Across Blockchains

Tron, Tether’s main network, now constitutes $57.8 billion worth of Tether circulation. The Ethereum based Tether is gradually losing its preeminence towards alternative networks that aim to solve congested Ethereum network and high gas fee problems. Tether has reached the third-largest network after Solana on the blockchain with $1.9 billion issued USD, along with other established blockchains, like Avalanche, Omni, and Cosmos.

Market Dominance and Price Dynamics

It remains undisputedly at 69% of a total stablecoin market capitalization amounting to $ 159.5 billion as recorded by CoinGecko with a modest dominance relative to the generally large crypto market. Toncoin (TON) jumped 22% gain in the intraday trading after the reports, but today it is trading flat at $6.13.

Thus, Tether teaming up with the TON team marks a new dawn of technological upgrades of the crypto world and creates a safe haven that guarantees the stability of the stablecoin market with Tether playing the major role.

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Toncoin (TON) is the first layer-chain solution that allows users to store value, transfer assets, and create applications in the decentralized finance (DeFi) space using blockchain technology. It uses Proof of Stake (PoS) technology to deliver these services at the lowest cost and in the fastest way possible.

Toncoin is the native currency of the Open Network (TON) blockchain network. Payments for transaction data and voting on the blockchain’s birthday are made using Toncoin.

With Toncoin (TON), users can meet their financial needs such as value storage and money transfer on the blockchain. They also participate in chain validation with PoS technology and earn rewards for contributing to the TON network.

Who is the Founder of Toncoin?

Let’s look for the answer to the question of what it is and who its founder is. The popular messaging application Telegram developed the TON project under “Telegram Open Network” and planned to launch it in 2018 under Gram. However, the SEC, the United States capital market oversight body, prevented this.

Upon these developments, Telegram CEO Pavel Durov decided to leave the project in 2020. The non-profit organization TON Foundation then took over the project from where it left off and launched Toncoin as The Open Network.

RoadMap

The answer to the question of “What is Toncoin (TON) and what will it do in the future?” is on the project’s roadmap. TON does not want to be just a blockchain project. By being included in the blockchain, Proxy works to provide payment infrastructure and storage service because it aims to be different from standard projects and to meet all the needs of people in a decentralized way.

Having already laid the foundations of the services mentioned above, Toncoin will continue to develop them in the remaining months of 2023. In terms of blockchain, it aims to release many developments since 2024, such as the creation of more advanced smart contracts, and the establishment of bridges for ETH, BNB, BTC, MATIC, and other altcoins. Thus, the answer to the question of “What is Toncoin (TON)” will become much more detailed.

You might also like: What Is Tether? How Does It Work?

How Much is the Toncoin Supply?

According to the data of June 27, 2023, 3,431,892,088 TON coins are circulating in the market, while the total supply is a little more than 5,000,000,000.

Toncoin, which is aimed to be deflationary in the future, has an annual inflation rate of 0.6% today.

How Can I Buy It?

You can buy Toncoin through centralized exchanges such as OKX, Bybit, KuCoin, and Gate. This is the easiest way to get Toncoin as you don’t pay additional transaction fees. Alternatively, if you have a Metamask wallet, you can use decentralized exchanges such as Uniswap and Pancakeswap.

You can state your questions and thoughts on the article in the comments section. Also, you can learn all the news, announcements, and analyses about TON by following our Telegram and YouTube channels.

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