According to a Bloomberg report, The Kingsway Capital Partners, the Ton and Kingsway Capital Foundation, seek to collect at least $ 400 million for a cryptographic cash that would hold Toncoin.
The planned vehicle would use a private investment in the public equity structure (PIP), in which a listed company sells shares to a group of investors, said one of the people.
According to the report, Kingsway could be one of the investors. Manuel Stotz, who directs Kingsway, is also president of the Ton Foundation, which strives to extend the use of his blockchain, especially in the United States.
Despite rumors, neither Stotz, Kingsway, nor the Tone Foundation made a public declaration on the issue. They did not respond to requests for comments.
Your is the native token of the blockchain of the open telegram network. He is currently classifying as the 27th largest cryptocurrency, with a market capitalization of almost $ 8 billion.
It was created by one of Telegram’s co-founders. Now it works separately from Telegram’s messaging arm.
Although most of the main Altcoins have recorded significant gains since the market has the lowest in April, Ton is down 23% in press times, currently negotiating at $ 3.17.
Nevertheless, Ton is up 9% in July, a notable characteristic given the controversy surrounding the Ton Foundation Offer a golden visa to the United Arab Emirates (water) in exchange for the token.
The water refused the announcementwith a subsequent explanation of the Ton Foundation declaring that the initiative was a pilot project developed with the help of an approved partner and had no official agreement with the government.
Imitate Michael Saylor
Cohen & Co. provides banking services for the training of the cash company, said a person in the report. The company previously advised Dynamix in a white dollars white agreement to create a cryptographic cash company focused on Ethereum.
In addition, Cantor Fitzgerald expressed his interest in also exploring the creation of Toncoin public companies. In particular, Cantor has helped start several high -level cryptographic cash companies in recent months.
According to the report, the effort comes in the middle of an increase in similar documents inspired by the success of the Bitcoin portfolio company by Michael Saylor, strategy, whose stock has appreciated more than 3,400% in the past five years.
