TON Ecosystem Gets $100M Boost with Launch of TVM Ventures
TON Ecosystem Gets $100M Boost with Launch of TVM Ventures
Steve Yun, a board member of the TON Foundation, has announced the launch of TVM Ventures, a venture capital firm dedicated to supporting startups within the TON ecosystem. The firm’s inaugural $100 million fund was contributed by Yun and an undisclosed Toncoin miner.
TVM Ventures, named after the TON Virtual Machine, will primarily invest in decentralized finance (DeFi) and payment finance (PayFi) projects building natively on the TON network. Unlike TON Ventures, which has a broader focus, TVM Ventures will specialize in these verticals, emphasizing the importance of smart contract logic directly on TVM for DeFi projects. PayFi projects must also fully support the TON network.
Investment Strategy and Focus
The firm, which began operations in November 2024, targets seed-stage investments with valuations between $5 million and $10 million. TVM Ventures takes a leading role in funding, offering investments ranging from $500,000 to $1 million per startup. Additionally, it provides $5 million in "farming liquidity" to help protocols establish necessary liquidity for their products.
Yun plans to deploy the entire fund within 24 months and has already invested in four TON-based startups, including Factorial, Torch Finance, Fiva, and Memes Lab.
Growth Outlook for TON Ecosystem
Yun expressed optimism about the TON ecosystem’s growth, particularly with the upcoming launch of the tgBTC bridge and a DeFi incentive initiative by the TON Foundation. He predicts that TON will capture a significant market share of stablecoins and forecasts the Toncoin’s value could rise by 900% in the next bull market cycle.
Team Expansion
Headquartered in Dubai, TVM Ventures is expanding its team with researchers specializing in TVM architecture and TON’s smart contract languages. This move underscores the firm’s commitment to advancing the TON ecosystem and fostering innovation in DeFi and PayFi.
With its strategic focus and significant capital allocation, TVM Ventures is poised to play a pivotal role in driving the growth and adoption of the TON network.
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