Ton Foundation and Kingsway plan to establish a PIPE structure worth 400 million dollars.

Ton Foundation and Kingsway Capital Partners are collaborating to launch a fund focused on Toncoin custody services, aiming to raise 400 million USD. The project uses the PIPE model (private investment in public equity), with Kingsway being one of the investors, led by Manuel Stotz — chairman of Ton Foundation. Cohen & Co and Cantor Fitzgerald are also involved in financial and strategic support.

The project is inspired by the success of MicroStrategy in investing in Bitcoin through the stock market, with its shares increasing by over 3,400% in 5 years. The Ton Foundation hopes to attract institutional investment into Toncoin, even though this token has decreased by nearly 40% since the beginning of the year. Although not directly related to Telegram, the price of TON still fluctuates according to news about this platform. The project is expected to expand the channel for digital asset investment in the U.S.