TON Foundation directors launched a $100 million fund, TVM Ventures

ChainCatcher news, according to The Block, former president and current director of the TON Foundation, Steve Yun, announced the establishment of a venture capital fund, TVM Ventures, in November 2024, with an initial scale of $100 million.

The fund's capital comes from Yun himself and a TON miner, focusing on investments in DeFi and payment financial projects within the TON ecosystem. Currently, it has invested in 4 projects, including Factorial and Torch Finance.