TON Foundation raises $400M in token sale from leading venture firms
TON Foundation secures $400M
The Open Network Foundation (TON Foundation) has secured over $400 million in funding through a token sale, attracting investments from major venture capital firms.
Key Takeaways
- TON Foundation raised $400M from leading venture funds through the sale of Toncoin.
- TON’s native accounts grew from 4M to 41M in a year, while Telegram reached 1B users.
- TON aims to integrate 30% of active Telegram users into its ecosystem within three years.
- Crypto venture investments are rising, surpassing $1.1B in deals in February 2025.
The funding round included participation from Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere, and Karatage.
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The TON Foundation described the investment as a strategic step to accelerate the expansion of the TON blockchain ecosystem, though specific plans remain undisclosed. The network, originally developed by Telegram’s founders before transitioning to an independent entity, has experienced rapid adoption over the past year.
Expanding the telegram-blockchain integration
TON blockchain, which powers decentralized Mini Apps within Telegram, has seen its user base grow substantially. As of January 2025, Toncoin is the only cryptocurrency accepted for in-app services on Telegram. The platform now boasts 41 million native accounts, a tenfold increase from 4 million a year ago, and more than 121 million unique Toncoin holders.
With Telegram surpassing 1 billion monthly active users as of March 2025, the TON Foundation aims to onboard at least 30% of active users onto its blockchain over the next three years. Benchmark partner Peter Fenton projects that Telegram’s user base could exceed 1.5 billion by 2030, providing a massive potential market for blockchain integration.
TON price. Source: СoinGecko.
Surge in blockchain venture capital investments
The TON Foundation’s successful funding round is part of a broader trend of growing institutional interest in blockchain projects. Crypto and blockchain startups are gaining increased legitimacy, particularly in financial sectors such as asset management, transactions, and tokenization.
Venture capital funding for blockchain projects reached $1.1 billion in February 2025, highlighting renewed interest in decentralized finance and real-world asset tokenization. The significant backing of TON’s ecosystem reflects confidence in the long-term viability of blockchain-powered applications within mainstream digital platforms like Telegram.
