PANews reported on December 3rd that according to DL News, according to documents filed with the U.S. Securities and Exchange Commission on Monday, crypto hedge fund and venture capital firm Pantera Capital has raised $20 million to invest in TON's cryptocurrency Toncoin. According to the documents, the venture capital firm raised funds from at least 29 investors through two different funds. The first official sales of both funds were conducted in July.

Pantera Capital began contacting investors in June. The minimum amount to participate is $250,000. Pantera Capital's two new funds for Toncoin build on its early investment in a cryptocurrency associated with Telegram announced in May. The company called the investment the "largest" in its 21-year history, but did not disclose the exact size.