- The sound Foundation and Kingsway Capital want to raise $ 400 million over pipe deal for Toncoin-focused treasury companies.
- Ton aims at the expansion in the USA and the takeover by institutional investors, while the course is close to $ 3.18 with a low trading volume.
Die TON Foundation Working with Kingsway Capital to raise $ 400 million for a new treasure office focused on Toncoin. Financing will be carried out via a pipe structure with several private investors.
The new company will keep sound as a core reserve and rely on a long -term value strategy. The course of Toncoin remained stable at $ 3.18 after the announcement.
Treasury plan structured by pipe deal
The TON Foundation works with Kingsway Capital Partners to found a new public company that will keep Toncoin (sound) as the primary treasury asset. Bloomberg reports that the company plans to procure $ 400 million of private investors through a pipe (private investment in public equity) financing structure.
In a pipe, investors usually buy shares in a private round before the company goes to the stock exchange. Sources confirmed that Kingsway Capital leads capital procurement, with CEO Manuel Stotz-who also leads the sound foundation-playing a key role in US expansion.
The foundation has not yet officially announced the project, but several people familiar with the matter said it was already initiated. The financial services for the treasure office are provided by Cohen & Co.
The company that is behind the tone trasury is not yet named, but will be structured so that it Toncoin holds in the long term. Cantor Fitzgerald is interested in supporting public companies that keep Toncoin, and refers to the growing trend that old coins are used as reserves. The listing could be carried out via a Spac (Special Purpose Acquisition Company) in order to accelerate the process.
Treasury in the custody partnership
The message comes a few days after the introduction of the native sound wallet from Ton in the United States, which is around 87 million Telegram users enabled To act directly through the app.
At the beginning of July, the TON Foundation became a customer of Crypto.com Custody and thus consolidated its custody infrastructure. Analysts say these steps would enable sound to serve both private customers and institutional customers.
The new treasury model reflects the approaches of other L1 systems, in which digital assets are kept as reserve stores instead of traditional financial instruments such as Fiat currencies or bonds.
The foundation thus follows the path of companies like Microstrategy that Bitcoin uses as a treasury asset for companies. Ethereum-based companies such as Sharplink Gaming and Bitmine have also introduced similar models. The Ton-Treasury will be the first special vehicle that Koncoin considers as an asset, which makes it more attractive to institutional investors.
The latest treasury models from companies include tokens such as Solana (Sol), XRP, BNB and SUI (SUI). The TON Foundation sees this as a timely confirmation for your treasury initiative.
The former proposal of the foundation for a golden visa of the VAE was criticized because it was not supported by the government. The new treasury is positioned as a formal and conformer Weg for a global commitment.
Market reaction: sound course stable
After the announcement, Toncoin’s course rose by modest 2 % and reached $ 3.16 to $ 3.18. Its market capitalization rose to around $ 7.68 billion. Despite the price increase, the trading volume fell by almost 20 %within 24 hours.
The technical indicators show mixed signals. The RSI was 57.43, which indicates a moderate purchase interest without overbought conditions. At the beginning, the MacD pointed to an interest bullish atmosphere, which indicates a possible upward trend when market trust improves. The most important support brands were $ 3.10 and $ 3.05, while the resistance was $ 3.30.
Tone is still 23% below its low in April, even if it increased around 9% in July. Analysts noted that the market decline triggered by Ethereum could influence the general mood
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