Chiara Bianchi
Anthony Scaramucci, the founder of SkyBridge Capital, has been named as a strategic advisor for a newly rebranded Toncoin Digital Asset Treasury (DAT), now operating as AlphaTON Capital Corp.. The company announced plans to acquire approximately $100 million worth of Toncoin (TON) and invest in Telegram-based applications to strengthen the platform’s growing blockchain ecosystem.
AlphaTON confirmed it has secured funding to establish a strategic Toncoin reserve while also creating public market access to Telegram’s fast-growing community of over one billion active users. TON, the native cryptocurrency of The Open Network (TON), remains closely tied to Telegram, founded by Pavel Durov.
The DAT will be headed by Brittany Kaiser, Director at Gryphon Digital Mining, who will serve as CEO. Before the transition, AlphaTON operated under the name Portage Biotech Inc., focusing on immuno-oncology research. The pivot reflects a larger trend of investors launching specialized crypto treasuries to accumulate specific altcoins. Notably, another Toncoin treasury named Ton Strategy recently acquired more than $700 million in TON tokens.
Funding and Strategic Partnerships
AlphaTON revealed it raised $38.2 million through the private sale of 6.7 million shares at $5.73 each, alongside securing a $35 million loan facility from BitGo Prime. The loan, set for repayment within six months, will be deployed to purchase Toncoin from third parties. Together, these financing efforts provide $73.2 million in capital, suggesting that additional TON acquisitions may come through discounted deals or strategic alliances.
Advisors listed include BitGo, Animoca Brands, Kraken, SkyBridge Capital, along with crypto figures Michael Terpin and Jaime Rogozinski.
Focus on Telegram Mini App Development
Beyond treasury building, AlphaTON aims to foster innovation within the Telegram mini app ecosystem. Planned initiatives include TON-powered DeFi protocols, blockchain gaming, and business applications designed to leverage Telegram’s massive user base.
“With Telegram’s billion-user ecosystem and TON’s scalable blockchain architecture, we are investing in a future where users control their data, developers innovate freely, and financial inclusion becomes a global reality,” said Kaiser.
