- Sequoia, benchmark and others invest $ 400 million in tone.
- You have great confidence in the blockchain and the billion telegram customers.
Well-known risk capitalists have entered the Open Network (sound) and bets on the company’s blockchain vision. This considerable investment is directly related to the close relationship from tone to Telegram. Recently, details of the private sale became known that put the main players in the spotlight.
Die TON Foundation shared news about a massive deal in which leading risk companies were involved. WU Blockchain reported that VCS bought $ 400 million in Toncoin from early investors.
Sequoia Capital, Ribbit, Benchmark and Kingsway led the list. Vy Capital, Draper Associates, Libertus Capital, Coinfund, Hypersphere, Skybridge and Karatage followed. The foundation kept the purchase price secret, but the step signaled a strong trust in the future of sound.
The TON Foundation announced that a group of well-known VCs purchased TON worth US$400 million from TON’s private investors. The specific purchase price was not disclosed. Investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus…
— Wu Blockchain (@WuBlockchain) March 20, 2025
Risk capital providers support telegrams crypto vision
Im Blog the foundation the scope of the deal was set out. She called Sequoia, Ribbit, Benchmark and Kingsway as the main actors.
The Blockchain of Ton, which is known for your speed and scalability, has aroused the interest of these companies. On X @Ton_Blockchain welcomed the investors and let them participate in their views. Shaun Maguire von Sequoia praised the Ton team for the combination of consumer orientation and crypto technology, which is promoted by Telegram over one billion users via @haunmmaguire.
Micky Malka von Ribbit Hob it Advance von Tone and Telegram For global financial access out. Peter Fenton from Benchmark connected the potential of tone to the forecast 1.5 billion users of Telegram until 2030.
Tim Draper from Draper Associates described the technology of sound as outstanding, thanks to the range of Telegram. Flex DWEK from Coinfund referred to games and payments as Ton’s hotspots. These statements make it clear why sound received the $ 400 million.
TON Foundation announces leading US-Based VCs invest over $400M in Toncoin. This list includes such respected names as:
@sequoia,
— TON
(@ton_blockchain) March 20, 2025
After the announcement, Toncoin (tone) experienced a price increase of 8 % and briefly exceeded $ 3.80 before setting up at the time of going to press. Despite a minor decline of 0.94% in the past few days, Ton has recorded an increase of 28.40% last week.
As highlighted in our previous article, Toncoin climbed by more than 50 %within a week, driven by the technical strength and developments around Telegram founder Pavel Durov.
Analysts forecast that sound could achieve a value of $ 5 by mid -2025, with some forecasts predicting $ 19. In the meantime, it is Durov, who had previously been banned from entering France, allows you to travel to Dubai in the middle of an ongoing examination.
Strategic function of sound for Telegram
In January Ton closed himself closer With Telegram together And became the only blockchain for its mini apps system.
In the blog post of the Ton Foundation it is explained that this step enables Telegram to roll out decentralized financial services directly to its users and simplify transactions, payments and apps. With its quick, scalable infrastructure, sound positions itself as an important player in the blockchain area.
The tone blockchain prevailed last year. According to the blog post of the Ton Foundation, the number of active accounts in the network has increased from 4 million to 41 million, while the number of unique Toncoin holders has exceeded 121 million. This expansion underlines the growing importance of sound in the crypto industry and its potential to revolutionize blockchain introduction on a large scale.
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