Ton Foundation and Kingsway Plan $400M PIPE Structure to Boost Toncoin's Institutional Adoption

Description

Ton Foundation and Kingsway Capital plan to raise at least $400 million for a new treasury company. The company will use a private investment in public equity (PIPE) model. The project aims to legitimize Toncoin ownership via public markets. The Ton Foundation and investment firm Kingsway Capital Partners are working to launch a treasury company, according to Bloomberg. The initiative will focus on custodial services for Toncoin, with an initial investment target of $400 million. According to in...