AlphaTON Capital to acquire $100M in TON for treasury platform

AlphaTON Capital Corp. (Nasdaq: PRTG), formerly Portage Biotech Inc., has announced a strategic shift into digital assets with the launch of a new treasury initiative centered on Toncoin (TON), the native token of the Telegram Open Network.

AlphaTON is rebranding with a $100 million bet on TON and will begin trading under the ticker ATON starting September 4. The goal? Give public investors a direct line into Telegram’s blockchain ecosystem, now boasting over 1 billion users and growing.

A Digital Treasury Built on TON

The new strategy positions AlphaTON as a specialized treasury company focused on acquiring TON, operating network infrastructure, and incubating on-chain applications native to the Telegram ecosystem.

Executives are framing the move as a calculated wager: Web3 infrastructure meets social media scale. The treasury isn’t just a crypto stash, it’s a launchpad for early-stage Telegram-native projects.

Brittany Kaiser Appointed CEO Amid Corporate Pivot

The company also announced the appointment of Brittany Kaiser as Chief Executive Officer and board member. Kaiser, a fixture in the data rights and blockchain policy circuit, also sits on the board of Gryphon Digital Mining (Nasdaq: GRYP), fresh off a merger with American Bitcoin Corp. Her résumé spans 50+ governments, with stints shaping digital identity, inclusion, and crypto regulation. Kaiser is also a co-founder of the Own Your Data Foundation and a former executive at Cambridge Analytica.

Wall Street Meets Web3

Joining Kaiser in leading the firm’s transformation is Enzo Villani, co-founder of Nasdaq Global Corporate Solutions and current CEO of Alpha Transform Holdings. Villani will serve as Executive Chairman and Chief Investment Officer at AlphaTON Capital.

“The integration of platforms like Telegram with blockchain represents one of the most significant market opportunities since the introduction of Bitcoin,” Villani stated in the announcement. “We’re building the bridge between traditional finance and the next wave of digital infrastructure.”

AlphaTON Capital’s move brings Toncoin into public equity markets — giving institutional investors direct exposure to Telegram’s blockchain without having to manage crypto wallets or on-chain infrastructure. As regulatory pressure grows and traditional investors seek compliant access to blockchain-native ecosystems, AlphaTON’s model could serve as a template for future digital treasury firms seeking scale through public listings.

Also Read: Tron Inc. Boosts TRX Holdings with $110M, Now Holds $220M