Investment arm Coinbase Ventures has acquired The Open Network (TON) tokens directly from messaging giant Telegram, according to sources familiar with the matter.
The transaction highlights Coinbase Ventures’ direct access to a significant blockchain asset developed by Telegram. While specific amounts involved in the purchase remain undisclosed, the deal signals a strategic move within the digital asset venture capital landscape.
This direct acquisition positions Coinbase Ventures to potentially leverage the TON ecosystem. The move further cements TON’s position as a key player in the blockchain space and reflects venture capital interest in the network developed by Telegram.