- Coinbase Ventures is officially a Toncoin holder, representing a key endorsement of TON’s mission.
- The Open Network aims to bring crypto to billions of users through Telegram.
- Toncoin price flashed bullish sentiments following the revelations.
Most altcoins displayed weakness late on Monday as Bitcoin’s rising dominance dents the altseason narrative.
While BTC sets the market tone, the Ton Foundation announced a significant win for its global vision of making cryptocurrencies accessible to the masses.
The Foundation took it to X to announce that Coinbase Ventures is among the holders of its native token, Toncoin.
While it didn’t disclose the size of their allocation, the move reflects confidence in TON’s digital assets adoption ambitions.
Commenting on the development, the TON team perceives the gestures as:
Another strong sign of belief in our mission: bringing crypto to the masses through Telegram’s billions of users through real utility, real adoption, and real ownership.
TON Foundation is excited to share that @cbventures is now holding Toncoin.
As one of the most recognized investors in the Web3 space, Coinbase Ventures, joining the growing list of Toncoin holders is a major vote of confidence in the future of The Open Network.
While we can’t… pic.twitter.com/wJbzBOSPtQ
— TON 💎 (@ton_blockchain) August 11, 2025
The announcement has sparked debates within the Toncoin community, boosting sentiments among holders.
For The Open Network, the investment represents a partnership that could unlock mainstream recognition and global adoption.
The native coin reflected the prevailing optimism with minor price jumps despite a bearish bias in the broad market.
Bringing cryptocurrencies to the masses
TON has a simple and ambitious objectives, which have drawn industry leaders like Verb Technology.
It looks to make crypto part of our day-to-day activities.
The team aims to leverage Telegram’s nearly 1 billion users to create a venue where transferring digital assets is as easy as sending messages.
The Open Network removes daunting technical barriers and complex onboarding processes, focusing on real-world utility integrated within an application that people use daily.
Meanwhile, Coinbase’s support…