AlphaTON Capital Corp, previously known as Portage Biotech Inc., has announced a significant investment in TON tokens, the cryptocurrency associated with the Telegram messaging platform. The company, which will trade under the new ticker symbol “ATON” starting September 4, 2025, secured funding to acquire approximately $100 million worth of TON tokens.
This funding will be used to establish a dedicated digital asset treasury. The treasury will focus on managing TON assets, supporting the development of TON-based applications, and providing broader access to Telegram‘s ecosystem for public market investors. The company’s strategy involves participation in TON network validation and staking, offering predictable revenue streams while enhancing network security.
Brittany Kaiser, a prominent figure in data protection and digital assets, has been appointed Chief Executive Officer and Board Member of AlphaTON Capital. Kaiser brings extensive experience advising governments and organizations on responsible digital innovation. Her leadership is expected to guide the company’s growth and expansion within the TON ecosystem.
Enzo Villani, Founder and CEO of Alpha Transform Holdings, will serve as Executive Chairman and Chief Investment Officer. Villani sees significant market potential in the convergence of traditional finance and digital assets, particularly within Telegram‘s large user base. He anticipates substantial growth in the digital asset market through this integration.
AlphaTON Capital‘s leadership team includes several notable figures in the cryptocurrency space. Advisors include key individuals from various firms within the digital asset industry. The company has also established strategic partnerships with leading institutions, including BitGo, Animoca Brands, and Kraken, among others. These partnerships aim to leverage market expertise and infrastructure to accelerate growth.
Kaiser emphasized the company’s commitment to building the infrastructure for next-generation decentralized applications. She believes the combination of Telegram‘s user base and TON‘s blockchain technology is poised for significant growth, ultimately promoting user data ownership and financial inclusion.
AlphaTON Capital‘s operational strategy involves three key components: acquiring TON tokens, generating yield through network validation and staking, and fostering the development of Telegram mini-apps. The company aims to create a comprehensive digital asset model that blends yield generation with ecosystem expansion.
Yury Mitin, Managing Partner at RSV Capital, expressed strong confidence in TON‘s potential, predicting it will become a top-10 global blockchain by 2026. The integration of TON with Telegram‘s platform is viewed as a significant catalyst for growth.
The company’s financing includes a private placement of approximately 6.7 million ordinary shares for gross proceeds of about $38.2 million and a loan facility with BitGo Prime for up to $35 million. These funds will primarily support TON token acquisition and treasury operations. Chardan acted as the placement agent for the private placement.
AlphaTON Capital acknowledges the inherent risks associated with digital asset investments and blockchain technology, including market volatility and regulatory uncertainty. The company’s success depends on several factors, including the continued adoption of the TON platform and its ability to execute its strategic plan. Further details will be provided in upcoming announcements.
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