AlphaTON announces $420 million financing for AI and TON ecosystem development

AlphaTON announces $420 million to boost AI and TON treasury

AlphaTON Capital, a Nasdaq-listed company connected to TON digital infrastructure and treasury, has opened a new chapter of expansion by filing a $420 million shelf registration with the U.S. Securities and Exchange Commission (SEC).

According to documents filed on Thursday, the funds will be used to expand AI and high-performance computing infrastructure powering Cocoon (Telegram’s decentralized AI network), while also supporting M&A strategies within the ecosystem.

AlphaTON achieved this advancement because it is no longer constrained by the S-3 form rules for small company financing—a mechanism widely adopted by crypto treasuries.

CEO Brittany Kaiser stated that overcoming this barrier represents “an important milestone in AlphaTON’s transformation into a leading provider of next-generation decentralized AI infrastructure.”

The company has already identified several potential M&A targets, including payment startups, content distribution platforms, and blockchain services integrated with the TON ecosystem. Part of the capital will also bolster the treasury of Toncoin and other digital assets.

AlphaTON is accelerating its presence in TON. In November, the company allocated most of its assets to Toncoin positions and staking. The company also revised its agreement to acquire a 60% stake in the gaming platform GAMEE, amounting to $15 million, and plans to purchase up to $4 million in other tokens.

Another recent initiative is the planned launch of the TON Mastercard in December. On Monday, the company announced the deployment of Nvidia B200 GPUs in the Cocoon network, creating a new revenue stream by processing queries in exchange for Toncoin rewards.

The Open Network ecosystem is driven by mini-apps such as Notcoin and Hamster Kombat. Despite Toncoin’s price dropping nearly 80%, it remains one of the industry’s most important ecosystems.

For those interested in AlphaTON Capital’s new initiatives, the company will host an AMA (Ask Me Anything) session on December 11 at 16:30 UTC on X and Telegram.