Verb Tech Nabs $558M War Chest to Supercharge Toncoin Ecosystem—Here’s Why It Matters
Another day, another nine-figure crypto bet—but this one's got teeth. Verb Technology just locked down a staggering $558 million to double down on its Toncoin play. Forget 'quiet accumulation'—this is a full-throttle infrastructure push.
Why Toncoin? Because someone's betting the Telegram-linked chain can out-meme Solana and out-utility Ethereum. The cash injection suggests Verb's going all-in on developer tools, node incentives, or maybe even an exchange play. (Or let's be real—all three.)
Wall Street's still scratching its head over 'that crypto thing,' but $558M doesn't lie. Whether this fuels real adoption or just another hype cycle? That’s the half-billion-dollar question.
TON Powers Telegram’s Growing Blockchain Push
Earlier this year, Telegram and the TON Foundation announced $TON as the official blockchain for Telegram’s global ecosystem. This includes payment for Telegram Ads and withdrawing creator rewards.
Additionally, it powers tokenized assets such as usernames, NFTs, and mini apps. Telegram’s wallet, TON Wallet, is now available to 87 million U.S. users. Globally, Telegram claims over 1 billion monthly users.
Hence, TSC is betting on massive exposure as TON adoption grows within Telegram. “Telegram is the preferred messenger for the growing global crypto community and $TON is the currency that powers the Telegram ecosystem,” said incoming Executive Chairman Manuel Stotz.
The incoming team brings DEEP crypto and institutional experience. “The TON ecosystem marks a major step in global crypto adoption,” said Blockchain.com CEO Peter Smith. Rory J. Cutaia, VERB’s CEO, added, “I’m excited to work with Manny… and for the value creation this deal represents.”
Verb’s stock will still trade under “VERB” on Nasdaq, with it’s new treasury plan kicking off after August 7, 2025. The company promises full transparency, strong compliance and verified $TON holdings. As of writing the Verb’s stock is at $22.45 up 136% according to Yahoo Finance data.
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