14.08.2025 09:09
A NASDAQ-listed firm, Verb Technology, has undergone a significant transformation, securing a substantial $558 million investment to become a dedicated Toncoin treasury company. This ambitious undertaking, resulting in the rebranding to TON Strategy Co. (TSC), marks a pivotal moment for the cryptocurrency market.
This oversubscribed funding round, led by Kingsway Capital and attracting over 110 prominent investors including Pantera Capital, Animoca Brands, and Kraken, positions TSC as the first publicly traded company in the US offering direct exposure to Toncoin. The influx of capital will enable TSC to immediately commence acquiring and staking significant quantities of TON, capitalizing on its potential.
The strategic move comes shortly after reports surfaced regarding the Ton Foundation's search for funding to establish a similar initiative. This confluence of events underlines the growing confidence in Toncoin's future, further evidenced by the reported accumulation of TON by Coinbase Ventures. The involvement of such significant players clearly signals substantial optimism within the cryptocurrency investment community.
TSC's innovative strategy involves a crypto-native treasury model, strategically combining long-term Toncoin holdings with the generation of passive income through staking rewards. The company leverages Toncoin's inherent advantage: its deep integration with Telegram's vast user base of 900 million, a key driver of its potential for widespread adoption.
This new venture boasts a formidable leadership team. Manuel Stotz, founder of Kingsway Capital and President of the Ton Foundation, will serve as Chairman. Veronika Kapustina, a seasoned professional with a background at Morgan Stanley, assumes the role of CEO. Completing this impressive trio is Sarah Olsen, formerly of JPMorgan's blockchain division, who will contribute her expertise to TSC's strategic goals. This combination of experience and vision positions TSC for significant success. Information sourced from internet resources.
