AlphaTON Capital Launches TON Digital Asset Treasury Strategy
AlphaTON Capital Enters Telegram's TON Ecosystem with New Strategy
AlphaTON Capital Corp. (Nasdaq: ATON), formerly Portage Biotech Inc., has announced its strategic entry into the Telegram ecosystem with a focus on the Toncoin (TON) digital asset. The company is initiating this move with the acquisition of approximately $100 million in TON tokens.
This marks AlphaTON Capital's dedication to establishing a specialized digital asset treasury aimed at developing a strategic TON reserve. It also provides public markets access to Telegram’s extensive ecosystem, which boasts over a billion active monthly users.
Key Highlights
- Public Market Access: AlphaTON Capital aims to unlock public market investment opportunities in Toncoin (TON) and Telegram’s expansive user base.
- New CEO: Data protection advocate Brittany Kaiser has been appointed as the Chief Executive Officer and a member of the Board.
- Ticker Change: Formerly Portage Biotech Inc. (Nasdaq: PRTG), the company has been renamed AlphaTON Capital Corp, with the new ticker symbol “ATON,” effective from September 4, 2025.
Strategic Focus
AlphaTON Capital's strategy involves acquiring TON tokens, managing essential network infrastructure, and fostering innovative applications within the Telegram ecosystem. This initiative underscores the company's commitment to supporting decentralized applications and infrastructure while offering shareholders exposure to rapidly growing digital asset markets.
Leadership and Vision
Brittany Kaiser, the newly appointed CEO, brings extensive experience in blockchain and digital assets, including her role as a director at Gryphon Digital Mining (Nasdaq: GRYP). She commented:
“AlphaTON Capital is more than a treasury strategy—it is our commitment to building the infrastructure that will power the next generation of decentralized applications. With Telegram's billion-user ecosystem and TON's robust blockchain architecture, we are investing in a future where users own their data and digital assets, developers innovate without barriers, and financial inclusion becomes a global reality.”
Enzo Villani, Founder and CEO of Alpha Transform Holdings, will join as Executive Chairman and Chief Investment Officer, adding, “We are witnessing the natural evolution of financial markets as traditional finance converges with digital assets and blockchain infrastructure.”
Operational Strategy
AlphaTON Capital’s operational strategy includes:
- Building a Digital Asset Treasury: Acquiring TON tokens through strategic purchases.
- Yield-Driven Treasury Growth: Generating treasury growth through network validation and staking.
- Ecosystem Development: Supporting projects within the Telegram mini-app ecosystem, focusing on TON-based DeFi, gaming, and business tools.
Financing Details
AlphaTON Capital has entered into agreements for a private placement involving approximately 6.7 million ordinary shares at $5.73 per share, expecting to raise about $38.2 million. They also secured a $35 million loan facility with BitGo Prime, LLC to purchase TON.
Risk Considerations
The company acknowledges the inherent risks of digital asset investments, including market volatility and regulatory uncertainty. Success depends on TON platform adoption, regulatory developments, and the company's implementation capabilities.
About AlphaTON Capital
AlphaTON Capital focuses on managing TON token reserves and developing the Telegram ecosystem through token acquisition, validator operations, and strategic investments.
With increasing focus on blockchain security for token launches, Codeum offers comprehensive smart contract audit services to safeguard digital assets and ensure trust in newly launched tokens within ecosystems like TON.