The TON Foundation announced that a group of venture capitalists, including Sequoia Capital, Ribbit, Benchmark and Kingsway, invested more than $400 million by purchasing the Toncoin cryptocurrency. "These venture capital firms have invested more than $400 million in Toncoin, the native cryptocurrency of the TON blockchain," said a TON Foundation spokesperson. "These funds are provided in the form of Toncoin, rather than traditional equity or cash."