Scaramucci Joins Toncoin DAT as $100M Treasury Initiative Launches

In a major crossover between finance and tech, Anthony Scaramucci has taken on a strategic advisory role with AlphaTON Capital Corp, a Nasdaq-listed Toncoin Digital Asset Treasury (DAT). The firm announced plans to purchase approximately $100 million worth of TON, the native token of The Open Network, closely linked to Telegram’s growing ecosystem of over 1 billion monthly active users.

AlphaTON aims to build a strategic TON reserve and simultaneously support the development of Telegram mini-apps including DeFi, gaming, and business tools. Brittany Kaiser, of Gryphon Digital Mining, will serve as the new CEO of AlphaTON. The company transitioned from its previous life as Portage Biotech Inc., signaling a deep pivot into the crypto space.

To fund the acquisition, AlphaTON has secured $73.2 million through a private placement and a loan facility with BitGo Prime, while likely aiming to acquire the rest at a discount via strategic partnerships with BitGo, Animoca Brands, Kraken, and SkyBridge.

This move reflects the growing institutional interest in Toncoin, following similar initiatives like Ton Strategy, which recently bought over $700 million in TON. Scaramucci’s involvement, alongside other notable crypto figures, underlines the significance of Toncoin as a serious contender in the altcoin and blockchain infrastructure arena.