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TON Foundation Teams Up with Kingsway Capital to Launch $400M Treasury via PIPE Deal — TON Price Holds at $3.18
The TON Foundation has recently announced a significant partnership with Kingsway Capital, a prominent investment firm, to establish a massive treasury of $400 million through a Private Investment in Public Equity (PIPE) deal. This groundbreaking collaboration marks a crucial step forward for Toncoin’s journey toward mainstream adoption.
As part of this historic alliance, the TON Foundation and Kingsway Capital are working together to launch a publicly traded treasury company that will raise funds by selling shares to private investors before going public. This structured approach to fundraising allows for more efficient and strategic capital raising.
The partnership with Kingsway Capital brings significant credibility and expertise to this initiative, solidifying Toncoin’s position in the emerging institutional-grade reserve assets space. The $400 million treasury represents a major milestone in the development of a decentralized asset class designed to provide stability and trustworthiness within the digital asset market.
In related news, the TON price has surprisingly held steady at around $3.18 following this announcement, which may be indicative of investor cautiousness amid current market challenges.
Source: www.crypto-news-flash.com
