According to breaking news, the Ton Foundation and Kingsway Capital are planning to raise $400 million for the Toncoin treasury. The Ton Foundation and investment firm Kingsway Capital Partners plan to raise at least $400 million to launch a new crypto treasury company that will hold Toncoin as a reserve asset. According to people familiar with the matter, the initiative will follow a structure similar to corporate treasury strategies increasingly popular in the crypto sector. This treasury company, whose name has not yet been disclosed, is expected to use a structure based on “private investment in public equity” (PIPE). Under this model, an already publicly traded company sells its shares to select investors. Kingsway Capital will be among these investors under the plan. *This is not investment advice. Continue Reading: BREAKING: Important Development for Toncoin (TON) – Ton Foundation Announces Major TON Treasury Partnership with a Company
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