Coinbase Ventures Buys Toncoin from Telegram in Milestone Crypto Deal

* Coinbase Ventures purchases TON tokens directly from Telegram * Investment leverages Telegram's over 1 billion users for TON growth On August 11, 2025, The Block reported that Coinbase Ventures directly purchased TON tokens from Telegram, a move that marks a pivotal venture investment in The Open Network blockchain. While the purchase amount is undisclosed, The Block also reported a Coinbase Ventures spokesperson described the deal as a “long-term venture investment in TON.” This acquisition reflects growing institutional confidence in the TON blockchain, which benefits from its unique integration with Telegram. As the messaging platform serves over one billion monthly users, this collaboration significantly boosts TON’s visibility and adoption opportunities within its expansive ecosystem. The TON Foundation, which advances the network’s development, noted that while details of the purchase remain confidential, the participation from Coinbase Ventures underscores the blockchain’s growing credibility and speaks volumes about the confidence in TON's trajectory. With this deal, Coinbase Ventures joins an impressive lineup of supporters, including Sequoia Capital, Benchmark, Ribbit Capital, Pantera Capital, and Animoca Brands. According to market data on August 11 at 19:09 UTC, Toncoin (TON) was trading at $3.41, a price reflecting a 1.98% rise in its 24-hour trading volume.