Brittany Kaiser Leverages TON to Bridge Finance and Telegram's 1B Users

AlphaTON Capital, a Nasdaq-listed entity formerly known as Portage Biotech Inc., announced on September 3, 2025, the launch of a $100 million Toncoin (TON) initiative aimed at positioning the company as a digital asset treasury firm focused on the Telegram ecosystem. The firm, which will trade under the new ticker symbol “ATON” starting on September 4, 2025, plans to manage TON network infrastructure, incubate applications within Telegram's ecosystem, and generate staking rewards. This strategic move is part of a broader effort to provide public market investors with exposure to the rapidly growing TON blockchain and Telegram’s global user base of over a billion monthly active users.

The company secured $38.2 million through a private placement offering and entered into a $35 million loan facility with BitGo Prime, with the proceeds used to purchase TON tokens. The financing is expected to close on or around September 5, 2025, and the funds will be allocated toward building a strategic TON reserve and expanding the company’s treasury operations. AlphaTON Capital will also use the TON tokens to support ecosystem development, including incubating decentralized finance (DeFi) protocols, gaming platforms, and enterprise solutions. The loan is collateralized by the acquired TON tokens and is repayable within six months, with potential for extension.

AlphaTON Capital’s leadership team includes Brittany Kaiser, appointed as Chief Executive Officer and Board Member, and Enzo Villani, who will serve as Executive Chairman and Chief Investment Officer. Kaiser, known for her advocacy in data protection and digital assets, has a background in blockchain innovation and policy, having advised over 50 governments and organizations. Villani, a co-founder of Nasdaq Global Corporate Solutions, emphasized the significance of the convergence of traditional finance and digital assets, describing the integration of Telegram with blockchain as one of the most significant market opportunities since the introduction of Bitcoin.

The company’s treasury strategy is designed to generate yield through network validation and staking operations while supporting the expansion of TON-based applications. AlphaTON Capital believes that its model, which combines yield generation with ecosystem growth, offers a differentiated approach to digital asset treasury management. The firm has also formed strategic partnerships with key players in the digital asset ecosystem, including BitGo, Animoca Brands, Kraken, and SkyBridge. These relationships are expected to enhance AlphaTON Capital’s operational capabilities and accelerate its growth as a premier digital asset treasury company.

The TON blockchain, originally developed by Telegram in 2018, has evolved into an independent, community-driven project known as The Open Network. It is characterized by a sharded proof-of-stake architecture designed for scalability and low-latency transactions. The integration of TON with Telegram’s messaging platform has facilitated the development of decentralized applications and mini-apps, enabling users to access financial services, gaming, and productivity tools through a familiar interface. This model has driven mass adoption and positioned TON as a competitive player in the blockchain space, with Tether (USDT) and other stablecoins enhancing liquidity within the network.

Despite its potential, AlphaTON Capital’s strategy is not without risks. The company highlighted regulatory uncertainties, market volatility, and technological challenges as key concerns. Additionally, the success of the initiative depends on the continued adoption of TON and the effective execution of AlphaTON Capital’s investment and operational strategies. The firm emphasized that the risks associated with digital asset investments and the evolving regulatory landscape must be carefully considered by investors.

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)

[2] AlphaTON Capital Shares Surge on TON Treasury Announcement (https://www.coindesk.com/business/2025/09/03/alphaton-capital-shares-surge-on-ton-treasury-announcement)

[3] What is TON? Telegram's high-speed layer-1 blockchain (https://coinshares.com/insights/knowledge/toncoin-ton-guide/)

[4] AlphaTON Capital Corp Launches TON Digital Asset Treasury Strategy for the Telegram Ecosystem (https://www.morningstar.com/news/globe-newswire/9522713/alphaton-capital-corp-launches-ton-digital-asset-treasury-strategy-for-the-telegram-ecosystem)

[5] Toncoin surges on global adoption moves: Can Telegram's TON reach $10? (https://eng.ambcrypto.com/toncoin-surges-on-global-adoption-moves-can-telegrams-ton-reach-10/)