TON Foundation raises $400M to boost U.S. expansion via Telegram wallet push

The TON Foundation has initiated a $400 million fundraising effort to bolster its Toncoin treasury, a move widely seen as a strategic step to accelerate U.S. market expansion. The capital raise, reportedly backed by London-based Kingsway Capital, a firm specializing in high-growth tech projects, aims to strengthen institutional credibility and support ecosystem development [1]. This funding round, described as a private investment in public equity (PIPE), is positioned to enhance transparency and governance, aligning with U.S. regulatory standards and attracting both retail and institutional investors [2].

A critical catalyst for this push is Telegram’s recent deployment of its native TON Wallet to over 87 million U.S. users, a demographic the foundation views as pivotal for mainstream blockchain adoption. The integration of crypto wallets within Telegram’s messaging platform simplifies user access to Toncoin, enabling seamless transactions without leaving the app. This synergy between Telegram’s user base—over 1 billion monthly active users globally—and TON’s blockchain infrastructure creates a unique pathway for scaling decentralized finance (DeFi) and cross-border payment solutions [2].

The U.S. expansion strategy will prioritize ecosystem development, compliance frameworks, and partnerships tailored to the region’s regulated environment. Funds will also likely target developer incentives and infrastructure upgrades to sustain long-term growth. Analysts note that while Toncoin’s current price of $3.17 reflects stable but cautious sentiment, with key resistance at $3.30 and support near $3.05–3.10, the broader market remains wary of short-term volatility [2]. Projections suggest a potential trading range of $2.35–$2.39 by December 2025, a 24.55% decline from current levels, unless renewed demand emerges [2].

The foundation’s emphasis on institutional alignment contrasts with traditional crypto fundraising models, underscoring a focus on structured governance and liquidity. This approach follows regulatory challenges in the UAE, where officials dismissed TON’s Golden Visa initiative as unofficial, highlighting the need for cautious expansion in diverse markets [2]. Despite these hurdles, the partnership with Kingsway Capital and U.S.-based venture firms signals confidence in TON’s scalability and utility, particularly in cross-border applications.

While the $400M raise represents a significant milestone, success will depend on sustained adoption of the TON Wallet and the treasury’s ability to navigate market fluctuations. The foundation’s strategy to blend institutional infrastructure with mass retail access could redefine how blockchain ecosystems engage with traditional finance, but macroeconomic clarity and regulatory stability remain critical factors for long-term viability [2].

Source:

[1] [TON Foundation Plans $400M Raise for Public Toncoin Treasury Firm](https://coincentral.com/ton-foundation-plans-400m-raise-for-public-toncoin-treasury-firm/)

[2] [TON's New $400M Treasury and Telegram Wallet Are Here](https://cryptonews.net/news/analytics/31314517/)