Verb Technology × Kingsway Capital to Launch a Toncoin Treasury Acquisition Company

Verb Technology has announced a private placement of approximately $558 million to establish the first publicly traded Toncoin treasury reserve, in partnership with Kingsway Capital.

The deal attracted participation from over 110 institutional and crypto investors, including Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA).

The transaction is expected to close around August 7, 2025, subject to customary closing conditions. Following the completion, the company intends to allocate the majority of the net proceeds to purchasing Toncoin, further strengthening TON’s position in the institutional space.