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Verb Technology Allocates $558M to Toncoin (TON) in Landmark Institutional Move
Verb Technology Allocates $558M to Toncoin (TON) in Landmark Institutional Move
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[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -
Verb Technology Company Inc. has finalized an oversubscribed $558 million private placement, marking a pivotal moment for Toncoin (TON) and The Open Network ecosystem. The Nasdaq-listed company, supported by Kingsway Capital and crypto leaders including Blockchain.com and Pantera, intends to allocate the majority of proceeds into TON—staking for yield while maintaining long-term exposure.
This strategic shift diverges from traditional corporate treasuries that passively hold Bitcoin. Verb aims to bridge institutional capital with TON's messaging-blockchain integration, capitalizing on the network's expanding ecosystem. The oversubscribed round highlights growing institutional interest in alternative layer-1 solutions beyond Ethereum.
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