Telegram and crypto: Bitget launches $20M TON ecosystem fund

Bitget crypto exchange is the latest firm to boost the record-breaking TON ecosystem with a new $20 million fund.

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The Open Network (TON), a platform that enables blockchain and cryptocurrency ecosystem on the Telegram messenger, is getting another boost with a new fund backed by the Bitget crypto exchange.

Bitget is launching a $20 million TON Ecosystem Fund in alliance with Singapore-based investment firm Foresight Ventures, according to an announcement shared with Cointelegraph on June 26.

The $20 million TON Ecosystem Fund aims to support early-stage projects on TON amid the rise of TON-based applications and the native cryptocurrency, Toncoin (TON).

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