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The Defiant 2025-03-21 17:32:49

TON Foundation Secures $400 Million in VC Investments

The Open Network (TON) Foundation has secured over $400 million in token-based investments from several major venture capital firms. Among the key investors are Sequoia Capital, Ribbit Capital, Paradigm, Benchmark, and Kingsway. Other backers include Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage. The TON Blockchain has experienced rapid growth over the past year, with active accounts surging from 4 million to 41 million. Toncoin, the network’s native cryptocurrency, now has more than 121 million unique holders — surpassing the number of wallets holding Bitcoin. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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