Bitget Launches 20M Fund for TON Ecosystem in Collaboration with Telegram and Crypto

Bitget crypto exchange is teaming up with investment firm Foresight Ventures to launch a $20 million TON Ecosystem Fund, which aims to support early-stage projects on the Telegram-integrated blockchain and cryptocurrency ecosystem, TON. The fund will provide liquidity on the Bitget platform and contribute to the development of projects within the TON ecosystem. TON has seen significant growth, with a monthly user base of 900 million on Telegram and more active addresses than Ethereum in recent weeks. The ecosystem’s total value locked has increased to $600 million, and the native Toncoin cryptocurrency has reached all-time highs. Bitget’s CEO, Gracy Chen, hopes that the new funding initiative will drive mass adoption of crypto. This follows Bitget’s previous efforts to support the TON ecosystem, including the launch of the Bitget Wallet and the Telegram Signal Bot.