On February 3, Steve Yun, the former president and current director of TON Foundation, announced that he had founded TVM Ventures, a venture capital fund, in November 2024, with an initial size of $100 million. The fund is funded by Yun himself and a TON miner, and focuses on investing in DeFi and payment finance projects within the TON ecosystem. At present, it has invested in 4 projects including Factorial and Torch Finance. Yun expects that with the launch of tgBTC bridge and DeFi incentive plan in Q2 2025, the TON ecosystem will experience significant growth.