Verb Raises $558M in Landmark Deal – Pioneering TON Treasury Vehicle, Announces TON Strategy Overhaul
Breaking the mold with a half-billion-dollar war chest, Verb just rewrote the playbook for blockchain treasury management. The $558M injection—enough to make traditional VCs blush—positions them as the first institutional-grade vehicle for TON's ecosystem.
Rebrand alert: TON Strategy gets a facelift
While Wall Street still debates 'blockchain adoption,' Verb's nine-figure haul proves crypto-native institutions are building the future with checkbooks, not PowerPoints. The rebrand? Just the cherry on top for a project that's clearly playing chess while others struggle with checkers.
One hedge fund manager quipped: 'At least they didn't call it Web5.'
First TON treasury
The strategy leans on Telegram’s deepening integration with TON. Telegram and the Ton Foundation have made TON the exclusive blockchain powering the messenger’s ecosystem, while TON Wallet recently went live for 87 million US users.
Telegram reports more than 1 billion monthly active users globally, positioning TON for mainstream distribution inside a large-scale consumer platform.
Incoming executive chairman Manuel Stotz is president at the Ton Foundation and CEO at Kingsway Capital. He said a permanent-capital vehicle suits TON’s potential to compound value and deliver staking yield.
CEO and co-founder of Blockchain.com, Peter Smith, will serve as special advisor, calling the move a catalyst for broader crypto adoption.
The incoming executive team also includes former Ton Foundation and JPMorgan names.
More than 110 institutional and crypto-native investors subscribed, led by Kingsway and anchored by Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA).
Additional participants include CMCC Global, Pantera, MEXC Ventures, FalconX, along with several notable founders such as Ethena Labs’ Guy Young.
Post-close, Verb expects 36% of its share capital to be locked up for six to twelve months, a cash-assets-to-total-assets ratio of 77%, and an initial cash position sized at roughly 5% of TON’s circulating market value.
