In recent developments, Steve Yun, a key figure in the TON Foundation, has launched TVM Ventures, a $100 million fund dedicated to supporting startups within the TON ecosystem. According to reports , the fund is backed by Yun and a Toncoin miner, though the miner’s identity and contribution remain undisclosed to the public. A Major Investment to Fuel TON’s Growth The former President postulated that TVM Ventures is focused on advancing decentralized finance (DeFi) and payment finance (PayFi) projects within the TON network. “Regarding DeFi, it will be imperative to build natively on TON, including the smart contract logic written on TVM directly,” Yun said. “PayFi is cross-chain by nature and therefore more flexible, but 100% must support the TON network.” This move follows a related move from Ian Wittkopp and Inal Kardan, two former TON Foundation members, who have unveiled a venture capital firm, TON Ventures . Investing in Early-Stage Startups Based on reports, TVM Ventures targets early-stage startups. It will invest between $500,000 and $1 million in companies valued between $5 million and $10 million. Furthermore, the firm will provide an additional $5 million in liquidity to help projects establish a solid financial foundation. It is worth mentioning that TVM Ventures has already backed four TON-based startups. These include Factorial, a modular lending platform similar to Morpho; Torch Finance, which specializes in stablecoin swaps; Fiva, a platform focused on tokenized yield like Pendle; and Memes Lab, a memepad that enables users to purchase memecoins using Telegram Stars, according to Yun. What Lies Ahead for TON and TVM Ventures According to Yun, the TON ecosystem is expected to experience tremendous growth by mid-2025. With the introduction of the tgBTC bridge and a new DeFi incentive program from the TON Foundation, he predicts an increase in adoption. Furthermore, he expects TON to capture a tremendous share of the stablecoin market over the next few years. Yun believes that the TON Foundation will become more independent in the next three to five years, forming high-impact partnerships to strengthen its ecosystem. He also sees the organization making “high-impact deals” to accelerate its growth. Yun predicted that Toncoin, valued at around $4 with a market capitalization of nearly $10 billion, could surpass $40 in the next bull cycle, representing a 900% increase. Even though Yun resigned as president of the TON Foundation last month, these recent events make it vehemently apparent that he has a clear and ambitious vision for TVM Ventures He stated, “Our focus is to build an advanced and comprehensive financial system capable of meeting the financial needs of 500 million users in the next few years.” On the other hand, inflation has caused Toncoin’s price to drop to $4.80 , marking a notable 33% decline from its highest value last November. This downturn coincides with a rise in exchange inflows, as over 240,000 TON tokens have been moved to exchanges in the past week. The post Ex-TON Foundation President Steve Yun Unveils $100M TVM Ventures appeared first on TheCoinrise.com .
