The TON Foundation and Kingsway Capital Partners are seeking to raise at least $400 million for a crypto treasury company that would hold Toncoin. The planned vehicle would use a private investment in public equity (PIPE) structure, in which a publicly traded company sells shares to a group of investors. According to the report, Kingsway could be one of the investors.

The TON Foundation and Kingsway Capital Partners are seeking to raise at least $400 million for a crypto treasury company that would hold Toncoin. The planned vehicle would use a private investment in public equity (PIPE) structure, in which a publicly traded company sells shares to a group of investors. According to the report, Kingsway could be one of the investors.

Source: https://cryptoslate.com/ton-foundation-seeking-400m-to-setup-public-treasury-company-to-accumulate-toncoin/