• TEXT= DATE: 08.12.2025 BRIDGE Summit | 8-10 Dec 2025 | Abu Dhabi
  • TIMER= 08.12.2025
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
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  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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Toncoin treasury vehicle launches

Toncoin treasury vehicle launches as Verb pivots into $558M TON strategy

https://icn.live/wp-content/uploads/2025/08/Toncoin-treasury-vehicle-launches.mp3
  • by ICN.live
Leila Al-Khatib

Toncoin treasury vehicle is the latest evolution of Verb Technology, now rebranding to TON Strategy Co. (TSC).

The company announced a $558 million oversubscribed private placement aimed at becoming the first publicly traded treasury reserve for Toncoin (TON). The transformation is expected to finalize on or around August 7.

The investment, involving 58.7 million shares priced at $9.51, includes pre-funded warrants to institutional investors. Most of the capital will be used to acquire TON, which becomes the primary treasury reserve asset for the company. TSC plans to stake its TON holdings to generate yield, targeting a sustainable, cash-flow-positive model.

Until the transaction closes, Verb Technology will continue trading on Nasdaq. Current operations are also expected to expand during and after the transition phase. The company sees TON not just as an asset, but a strategic vehicle for value creation.

TON treasury vehicle taps into Telegram ecosystem

Toncoin’s treasury vehicle strategy aligns with Telegram’s full integration of TON as its native blockchain. Telegram’s wallet recently launched for over 87 million U.S. users, leveraging TON as the foundation. With over 1 billion monthly active users worldwide, Telegram offers TON instant exposure to a mass consumer base.

Incoming executive chairman Manuel Stotz, who leads both Kingsway Capital and the Ton Foundation, emphasized TON’s ability to deliver compounding value through staking. Peter Smith, co-founder of Blockchain.com, will serve as a special advisor, calling this initiative a catalyst for crypto adoption.

This move also partly confirms earlier speculation around the Ton Foundation’s plans for a $400 million fund. The formation of this treasury is expected to be the first of its kind dedicated entirely to TON.

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Institutional interest drives TON-focused transition

Over 110 institutional and crypto-native investors joined the round. Key backers include Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and Graticule. Other notable names include Pantera, MEXC Ventures, CMCC Global, FalconX, and several prominent Web3 founders.

Post-close, the Toncoin treasury vehicle will lock up 36% of its share capital for up to a year. The company projects a cash-assets-to-total-assets ratio of 77% and an initial cash reserve that equals 5% of TON’s circulating market cap.

This transition marks a significant innovation in how companies use treasury models to tap into blockchain networks. If successful, it may inspire other firms to create similar blockchain-native financial structures.

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What is a Toncoin treasury vehicle?

A Toncoin treasury vehicle is a corporate or institutional structure that holds Toncoin (TON) as a core reserve asset. In this case, Verb Technology is rebranding as TON Strategy Co. (TSC), shifting its primary focus to acquiring and staking TON. The goal is to generate recurring yield from staking rewards and build a treasury-backed, cash-flow-positive business model. It’s the first publicly traded entity to adopt Toncoin as its central financial strategy, mirroring how companies like MicroStrategy embraced Bitcoin.

Why is Telegram’s role important in this Toncoin strategy?

Telegram is a major driver behind Toncoin’s current momentum. With over 1 billion users and full TON integration—including the launch of TON Wallet for U.S. users—Telegram positions Toncoin for rapid adoption. TON is now the backbone of the Telegram ecosystem, offering a direct path to mass consumer exposure. This strategic alignment gives the Toncoin treasury vehicle instant utility and relevance in a thriving digital ecosystem.

Who are the major investors behind this transition?

The $558 million placement attracted over 110 institutional and crypto-native investors. Leading the round were Kingsway Capital and Vy Capital. Other major names include Blockchain.com, Ribbit Capital, Graticule, Pantera, MEXC Ventures, CMCC Global, and FalconX. This broad participation reflects growing institutional interest in both Toncoin and blockchain-native treasury strategies. The presence of Peter Smith from Blockchain.com as an advisor adds further credibility to the project.

What are the financial goals of TON Strategy Co. (TSC)?

The main financial objective is to create a self-sustaining, profitable treasury model using Toncoin. TSC aims to stake its TON holdings to earn regular rewards, generating predictable cash flow. Post-close, 36% of shares will be locked for 6–12 months, with a projected 77% cash-assets ratio. The company plans to hold about 5% of TON’s market cap in reserves initially. This treasury structure offers long-term exposure to TON while earning passive yield from its network activity.

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