Alphaton Capital, a newly rebranded NASDAQ registered company from Portage Biotch (PRTG), said it would buy about $100 million worth of toncoins. Ton$3.1824 Build a digital asset financing company that provides exposure to tokens.
The company will operate under the ticker “Aton” from September 4th. It also plans to manage TON network infrastructure and incubate applications within the Telegram ecosystem, as well as generate token staking rewards.
The company’s shares are still trading under the PRTG ticker, rising 14% to $7.91.
Alphaton’s financial strategy comes with a BITGO lending facility for $35 million to accelerate token acquisitions and staking operations.
The company has made Brittany Kaiser the CEO. She will join Enzo Villani, co-founder of Nasdaq Global Corporate Solutions, and serve as executive chairman.
To fund the Ton purchase, Alphaton has secured $38.2 million through private placements. The loan from Bitgo is secured by Ton Tokens and is due six months later.
