On February 3, Steve Yun, the former president and current director of TON Foundation, announced that he had founded TVM Ventures, a venture capital fund, in November 2024, with an initial size of $100 million.
The fund is funded by Yun himself and a TON miner, and focuses on investing in DeFi and payment finance projects within the TON ecosystem. At present, it has invested in 4 projects including Factorial and Torch Finance. Yun expects that with the launch of tgBTC bridge and DeFi incentive plan in Q2 2025, the TON ecosystem will experience significant growth.
TON Foundation directors founded venture capital fund TVM Ventures, with an initial size of $100 million
2025-02-03 13:10:08
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