Verb Technology Launches First Publicly Listed TON Treasury Strategy Firm Amid Major Funding

Verb Technology Inc. has announced a significant $558 million private funding round, coinciding with its rebranding to TON Strategy Co. (TSC). This development introduces the first publicly traded company dedicated to managing a Toncoin (TON) treasury strategy. In an official statement on Monday, Verb Technology highlighted that this capital raise is among the largest blockchain investment rounds this year. The funds will enable TSC to build a substantial TON reserve, implement advanced yield-generation strategies, and offer investors exposure to TON's rapid growth through Nasdaq trading. The choice of TON by Verb Technology stems from its origins with Telegram and current management by The Open Network. Its high-speed transactions, scalability, and integration with Telegram's two billion users have established TON as a foundational element of a burgeoning decentralized ecosystem encompassing DeFi, NFTs, gaming, and more. By establishing TSC, the company aims to allow institutional investors, pension funds, and mainstream market participants to access TON without requiring digital wallets or direct crypto trading. The treasury will employ diverse strategies such as staking, liquidi...