Pantera Capital: TON is the largest current asset on Telegram's balance sheet

On June 27, Pantera Capital portfolio manager Cosmo Jiang said that cryptocurrency is an option for Telegram to raise funds, and it can "maintain the greatest potential for control and monetization." Pantera Capital has invested in Telegram. Cosmo Jiang pointed out that TON is Telegram's "largest current asset on the balance sheet." Telegram can obtain staking rewards from transaction fees and protocol issuance, in addition to "commercial agreements" that will earn more TON over time based on certain performance standards.