TON

Pantera Capital, one of the largest cryptocurrency investment firms, has raised $20 million to invest in the TON (Toncoin) cryptocurrency, according to documents filed with the U.S. Securities and Exchange Commission on Monday.

The company raised the money through two separate investment funds, soliciting cash investments from at least 29 investors. The two funds were officially launched in July.

According to a report by The Block, Pantera Capital began reaching out to potential investors in two new investment funds dedicated to investing in Toncoin in June. The company set a minimum investment of $250,000.

This investment follows previous investments in projects related to the Telegram app, which it announced in May. Pantera Capital described this investment as the largest in its history, without specifying its total value. The company did not respond to a request for comment from DL News.