Toncoin (TON) Foundation and Kingsway Capital Launch $400M Treasury Reserve to Boost Institutional Adoption
The TON Foundation has announced a strategic partnership with Kingsway Capital to create a $400 million treasury reserve. This initiative utilizes a PIPE financing structure led by Kingsway and undisclosed investors, marking TON's first institutional-grade treasury effort.
Following the announcement, TON's price remained stable at $3.18, showing market resilience during this significant capital deployment. Cohen & Co. is reportedly providing financial infrastructure for the treasury, though official confirmation is still pending.
This development signals TON's expansion into US markets under Kingsway Capital's Manuel Stotz. The treasury model aligns with institutional adoption trends seen in Bitcoin and Ethereum, positioning TON for improved liquidity and ecosystem growth.