Telegram-Affiliated Toncoin Gets Coinbase Ventures' Backing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 11 2025
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Source: Benzinga
Coinbase Ventures Investment: Coinbase Ventures has invested in Toncoin, the native asset of The Open Network blockchain, which supports Telegram's web3 infrastructure. The investment is seen as a strong vote of confidence, although details regarding the amount and transaction specifics were not disclosed.
Significance of TON: The TON Foundation has attracted notable institutional investors like Sequoia Capital and Pantera Capital, highlighting its potential due to Telegram's large user base. Recent developments include Verb Technology's significant private placement aimed at making Toncoin its primary treasury reserve asset.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
