Sequoia, Benchmark, and Others Back TON with $400M Investment

The TON Foundation recently announced that over $400 million in Toncoin has been acquired by leading venture capital firms in the blockchain space. Notable investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage. The TON Blockchain's decentralized architecture is recognized for its speed and scalability, further compounded by its partnership with Telegram, aimed at enhancing financial services for Telegram’s extensive user base. The TON Foundation plans to integrate 30% of active Telegram users by 2028 through innovative solutions in gaming, DeFi, and payments.

Source: blog.ton.org