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![pnxgrp Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1377202490643517444.png) PHOENIX - Crypto News & Analytics [@pnxgrp](/creator/twitter/pnxgrp) on x 35.5K followers
Created: 2025-07-25 09:02:33 UTC

TON Foundation and @KingswayCapital aim to raise $400M to establish a public Toncoin treasury entity

#TONFoundation and #KingswayCapital are planning to raise $400M from private investors through a PIPE funding round to launch a public #Toncoin $TON treasury firm. The public listing could be expedited through a special-purpose acquisition company (SPAC). Although the company’s official name has not been revealed, its structure mirrors the growing trend of crypto-backed public offerings.

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![](https://pbs.twimg.com/media/GwsRNciWgAA-qMP.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948670192357109909/c:line.svg)

**Related Topics**
[acquisition](/topic/acquisition)
[listing](/topic/listing)
[toncoin](/topic/toncoin)
[$400m](/topic/$400m)
[coins analytics](/topic/coins-analytics)
[$ton](/topic/$ton)
[coins layer 1](/topic/coins-layer-1)
[coins bsc](/topic/coins-bsc)

[Post Link](https://x.com/pnxgrp/status/1948670192357109909)