Toncoin (TON) Gets Its First Publicly Traded Treasury Company in the US

• A NASDAQ-listed company has raised $558 million to pivot into a Toncoin treasury company
• The new entity will be rebranded as TON Strategy Co. (TSC) and will acquire and stake TON
• The deal creates the first publicly traded company for US investors to get exposure to TON

NASDAQ-listed Verb Technology has raised over half a billion dollars to go all-in on Toncoin. The company has pulled in $558 million to turn its entire business, rebranded to “TON Strategy Co.” (TSC), becoming the first publicly traded company dedicated to holding TON as its primary treasury reserve asset. 

The oversubscribed financing round was led by Kingsway Capital and attracted a slate of over 110 top-tier investors, including Pantera Capital, Animoca Brands, and Kraken. This comes less than a month after reports that the Ton Foundation was seeking funds for this exact purpose.

How it started…

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