- Verb holds $713 million in Toncoin and $67 million in cash reserves.
- Ledger Live integration enables staking TON from as little as 10 tokens.
- TON’s Sharpe ratio turned positive in August, signaling improving momentum.
The Open Network (TON) has seen renewed institutional and retail interest, driven by several developments that could strengthen its standing in the cryptocurrency market.
A fresh treasury disclosure of $780 million by Verb Technology Company, expanded staking access through Ledger Live, and improving on-chain indicators are creating conditions that some analysts say could fuel the next major growth phase for the blockchain.
These events follow a prior $558 million private placement and Telegram’s exclusive adoption of TON for its in-app features, underscoring the scale of resources and demand converging around the network.
Verb Technology shifts strategy with a $780 million treasury
Verb Technology Company announced treasury assets exceeding $780 million, including $713 million in Toncoin and $67 million in cash.
The company, which will soon be renamed Ton Strategy Company, has become the first publicly traded entity to adopt Toncoin as its primary treasury reserve asset.
The disclosure came just days after the company completed a $558 million private placement earlier this month, backed by more than 110 institutional and crypto-native investors. Much of the proceeds were used to purchase Toncoin.
Verb stated it aims to accumulate over 5% of TON’s circulating supply while steadily increasing Toncoin per share through reinvested cash flows, staking rewards, and active treasury management.
Ledger Live expands access to TON staking
At the same time, staking service provider P2P.org announced native TON staking within Ledger Live.
This development makes staking available to millions of Ledger hardware wallet users, offering a secure, non-custodial way to participate in the network.
The validator-based solution is the first of its kind in Ledger Live and lowers the minimum entry requirement to 10 TON, a substantial reduction from the native 300,000 TON threshold.
Users benefit from institutional-grade security following audits by Quantstamp and Trail of Bits.
The integration also enables staking and unstaking with activation and withdrawal windows as short as 36 hours, while current yields are around 4.7% annually.
On-chain indicators reflect a strengthening market position
Data from CryptoQuant show that TON’s Sharpe ratio moved from negative to positive in August, indicating improved risk-adjusted returns.
Historically, a shift to a positive Sharpe ratio has been viewed as a sign of sustained momentum.
At the same time, metrics such as daily active addresses are rising, reinforcing the sense of growing network traction.
Crypto analyst Crash posted on X that TON could drive the next wave of crypto wealth, writing, “The next new class of crypto millionaires will be created on TON. Not Solana or Ethereum.”
Telegram integration boosts mainstream use of TON
Beyond financial and technical growth, Telegram has adopted TON as the exclusive blockchain for mini-apps, wallets, and payments on its platform, which serves over a billion users globally.
This move gives TON exposure that few other layer‑1 blockchains enjoy, embedding it more deeply in the mainstream digital ecosystem.
Combined with a substantial treasury base, broader retail staking access, and integration with one of the world’s largest messaging platforms, TON is positioned for sustained expansion.