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TON Foundation and Kingsway Capital aim to raise $400M to establish a public Toncoin treasury entity
#TONFoundation and #KingswayCapital are planning to raise $400M from private investors through a PIPE funding round to launch a public #Toncoin $TON treasury firm. The public listing could be expedited through a special-purpose acquisition company (SPAC). Although the company’s official name has not been revealed, its structure mirrors the growing trend of crypto-backed public offerings.
👉 coincentral.com/ton-foundation-plans-400m-raise-for-public-toncoin-treasury-firm/
#TONFoundation and #KingswayCapital are planning to raise $400M from private investors through a PIPE funding round to launch a public #Toncoin $TON treasury firm. The public listing could be expedited through a special-purpose acquisition company (SPAC). Although the company’s official name has not been revealed, its structure mirrors the growing trend of crypto-backed public offerings.
👉 coincentral.com/ton-foundation-plans-400m-raise-for-public-toncoin-treasury-firm/
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