Anthony Scaramucci Joins $100M Toncoin Initiative as AlphaTON Rebrands

19 hours ago

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Why has Anthony Scaramucci joined the $100M Toncoin initiative?

What is the connection between Toncoin and Telegram's billion-user ecosystem?

How does Alphaton rebrand align with the $100M Toncoin initiative?

Anthony Scaramucci Joins $100M Toncoin Initiative as AlphaTON Rebrands — Image source: Unblock Media

AlphaTON Capital unveils $100M Toncoin treasury initiative with Anthony Scaramucci as an advisor.
The Nasdaq-listed company, rebranded from Portage Biotech Inc., targets Telegram's ecosystem.

On September 3, 2025, GlobeNewswire reported that Anthony Scaramucci, founder of SkyBridge Capital, has joined the strategic advisory board for AlphaTON Capital’s $100 million Toncoin (TON) digital asset treasury initiative. This project represents a significant step into blockchain-related assets by the Nasdaq-listed company, which recently rebranded from Portage Biotech Inc. The new stock ticker, “ATON,” will take effect on September 4, 2025.

The initiative focuses on acquiring Toncoin, the native token of The Open Network blockchain that powers Telegram's ecosystem. According to Investing.com, AlphaTON Capital also plans to identify and nurture decentralized finance (DeFi) protocols, gaming applications, and other projects within Telegram’s mini-app framework. With over a billion Telegram users globally, the platform provides an expansive user base for these developments.

To finance the initiative, AlphaTON aims to establish a $100 million Toncoin reserve using a two-pronged model. PANews reported that the company has already raised $73.2 million, including $38.2 million from a private placement and a $35 million loan facility from BitGo Prime. Partnerships with firms such as BitGo, Animoca Brands, and Kraken could enable discounted Toncoin acquisitions, aiding its goal of completing the reserve.

Leading the initiative as CEO is Brittany Kaiser, a recognized blockchain executive and director at Gryphon Digital Mining. The advisory board includes Scaramucci, blockchain entrepreneur Michael Terpin, and Jaime Rogozinski, the founder of Wall Street Bets. Together, they underscore AlphaTON’s aim to bring experienced industry leadership to the strategy.

As of September 3, 2025, 16:09 UTC, Toncoin (TON) was trading at $3.185, reflecting a 2.12% increase in 24-hour trading volume, according to CoinMarketCap.