According to The Block, the TON Foundation announced that a group of venture capital firms, including Sequoia Capital, Ribbit, Benchmark, and Kingsway, have invested over $400 million by purchasing the Toncoin cryptocurrency. Other investors include Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage.

A TON Foundation spokesperson stated, "These venture capital firms have invested over $400 million in Toncoin, which is the native cryptocurrency of the TON Blockchain. These funds have been provided in the form of Toncoin, rather than traditional equity or cash."