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Benzinga
Benzinga
Business
Murtuza J Merchant

HISTORICAL FACTS: Telegram affiliated toncoin gets coinbase ventures backing | History Defined

Ton Coinbase Telegram Coinbase Ventures Toncoin Nasdaq X Animoca Brands Cryptocurrency Ribbit Capital
Telegram,App,Logo,On,Smartphone,Screen,With,Telegram,Founder,Pavel

Coinbase Ventures, the investment division of cryptocurrency exchange Coinbase (NASDAQ:COIN), has taken a position in Toncoin, the native asset of The Open Network (CRYPTO: TON) blockchain, the platform underpinning Telegram's web3 infrastructure.

What Happened: The TON Foundation disclosed the move in a Monday post on X, describing the backing as a significant signal of confidence, though without revealing the size of the holding.

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