According to Mars Finance, Coinbase Ventures has become a holder of Toncoin, as stated by the TON Foundation, although the specific holdings have not been disclosed. The foundation claims that this move is an important vote of confidence in the future development of The Open Network, continuing the momentum of support from early investors such as Sequoia Capital, Benchmark, and Ribbit, aiming to leverage Telegram's billions of users to promote the practical application and popularization of cryptocurrency.