TON Foundation Announces Over $400M Investment in Toncoin by Leading VCs
The Open Network Foundation (TON Foundation) announced today that over $400 million worth of Toncoin has been acquired from early investors by some of the world’s most influential and visionary venture capital firms specializing in blockchain technology. Leading investors include Sequoia Capital, Ribbit, Benchmark, and Kingsway. Other notable supporters are Vy Capital, Draper Associates, and Libertus Capital, along with CoinFund, Hypersphere, SkyBridge, and Karatage.
The TON Blockchain features a decentralized architecture that enables one of the fastest, most scalable, and most resilient blockchain networks in the industry. These strong technical capabilities have captured the attention of institutional investors worldwide. Moreover, strategic partnerships formed by the TON Foundation further strengthen the ecosystem and cement its status as a leader in the blockchain sector.
In January, the TON Foundation deepened its collaboration with Telegram, officially becoming the exclusive blockchain for Telegram’s Mini Apps Ecosystem. This partnership enhances support for Telegram’s global community — now surpassing 1 billion monthly active users — by delivering the core infrastructure required for essential financial applications. From seamless payments for goods and services to other integrated applications, TON’s high-performance blockchain ensures fast, secure, and efficient financial tools within the Telegram platform.
Building on a Year of Significant Achievements
Over the past year, TON Blockchain has seen explosive growth. The number of active accounts jumped from 4 million to 41 million, while Toncoin holders surpassed 121 million unique wallets. Notably, the number of Toncoin holders has overtaken the number of wallets holding Bitcoin. Meanwhile, apps built on TON have become some of the most widely used crypto applications globally, proving the vast potential of Telegram’s distribution network.
Looking forward, the TON Foundation aims to onboard 30% of Telegram’s active users to the TON Blockchain by 2028. This ambitious goal will focus on four main verticals:
User acquisition through Telegram-native features like stickers, gifts, and on-chain collectibles;
Engaging multiplayer mini-games with built-in incentives;
User-friendly DeFi products offering sustainable yields;
Practical crypto payment solutions with real-world use cases.
Industry Leaders Weigh In
Shaun Maguire, Partner at Sequoia Capital:
“The TON team stands out at the crossroads of consumer product design and blockchain infrastructure. With Telegram’s unmatched global reach, we’re excited about TON’s future.”
Micky Malka, Founder at Ribbit:
“Ribbit backs exceptional teams solving the world’s toughest problems. TON and Telegram are prime examples, combining advanced tech with a seamless user experience to broaden financial access.”
Peter Fenton, Partner at Benchmark:
“Telegram’s user base, projected to surpass 1.5 billion by 2030, presents a historic chance to enable global financial flows — once limited to information exchange. TON is laying the groundwork for financial democratization at scale.”
Tim Draper, Founder of Draper Associates:
“I’ve long believed in blockchain’s power to transform industries. TON’s advanced technology and Telegram integration give it a distribution advantage no other blockchain can match.”
Alex Felix, Co-Founder and CIO at CoinFund:
“The TON ecosystem holds immense energy and a unique distribution edge, especially in gaming, stablecoins, and remittances. Through our investment in StonFi, CoinFund remains bullish on TON’s growth and the future of its ecosystem.”