AlphaTON Bridges Web3 and Wall Street with TON Treasury Play

AlphaTON Capital, a newly rebranded firm formerly known as Portage Biotech Inc., has announced plans to acquire approximately $100 million in TON tokens as part of its strategy to become a digital asset treasury company. The firm, listed on Nasdaq under the ticker symbols “PRTG” and set to transition to “ATON” on September 4, 2025, aims to build a strategic TON reserve and facilitate public market access to Telegram’s extensive ecosystem of over a billion monthly active users. This move positions AlphaTON Capital as a key player in the growing intersection of traditional finance and blockchain technology [1].

The company's strategic focus includes acquiring and managing TON tokens, validating network infrastructure, and fostering leading applications within Telegram’s ecosystem. AlphaTON Capital aims to leverage these efforts to support the development of open-source, decentralized applications and infrastructure. By doing so, it hopes to provide shareholders with exposure to one of the fastest-growing segments of the digital asset and social media markets [1].

AlphaTON Capital's leadership includes Brittany Kaiser, who has been appointed Chief Executive Officer and Board Member. With a background in digital assets and blockchain policy, Kaiser brings extensive experience in advising governments and organizations on responsible digital innovation. Her leadership is expected to play a pivotal role in AlphaTON’s transition into a publicly traded digital asset treasury company [1]. Enzo Villani, founder of Alpha Transform Holdings, will serve as Executive Chairman and Chief Investment Officer, emphasizing the convergence of traditional finance and blockchain infrastructure. Villani highlighted the transformative potential of integrating platforms like Telegram with blockchain technology, positioning AlphaTON as a bridge between these evolving markets [1].

The company’s financing strategy involves a private placement offering of approximately 6.7 million ordinary shares at $5.73 per share, expected to generate gross proceeds of around $38.2 million. Additionally, AlphaTON Capital has secured a $35 million loan facility with BitGo Prime, LLC, which will be used to purchase TON from a third party. The loan will be collateralized by TON tokens held by BitGo or an affiliated entity, aligning with the company’s strategy to build a robust digital asset treasury [1].

Strategic partnerships and relationships further strengthen AlphaTON Capital’s position in the digital asset ecosystem. The company has established connections with leading institutions such as BitGo, Animoca Brands, Kraken, and DWF Labs, among others. These partnerships are expected to provide access to institutional infrastructure, market expertise, and community engagement, which will be critical in driving the company’s growth and its role as a premier digital asset treasury firm [1].

Looking ahead, AlphaTON Capital’s operational strategy is structured around three key components: building a digital asset treasury through TON token acquisitions, generating yield through staking and validation operations, and fostering ecosystem development by identifying and supporting promising projects within Telegram’s mini-app ecosystem. The integration of TON with Telegram’s messaging platform is expected to unlock new opportunities for decentralized application development and mass user adoption. As Yury Mitin, Managing Partner at RSV Capital, noted, TON is well-positioned to become a top-10 global blockchain by 2026 [1].

However, the company acknowledges the risks associated with digital asset investments and blockchain technology, including market volatility, regulatory uncertainty, and technological challenges. The success of AlphaTON Capital’s strategy depends on the continued adoption of the TON platform, favorable regulatory developments, and the company’s ability to effectively execute its operational and investment plans [1]. These considerations underscore the importance of transparency and governance in the company’s approach, particularly as it operates as a publicly traded entity.

Source:

[1] AlphaTON Capital Corp Launches TON Digital Asset Treasury Strategy for the Telegram Ecosystem (https://www.globenewswire.com/news-release/2025/09/03/3143710/0/en/AlphaTON-Capital-Corp-Launches-TON-Digital-Asset-Treasury-Strategy-for-the-Telegram-Ecosystem.html)