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According to TheBlock, Steve Yun, a member of the TON Foundation board, the non-profit organization behind the dark horse public chain TON, has launched a new venture capital fund called TVM Ventures with a whopping $100 million in funding.
Focus on DeFi and PayFi
It is reported that Steve Yun formally resigned as President of the TON Foundation last month, but remains a member of the board of the foundation. TVM Ventures was established in November 2024, with investment from Steve Yun and another TON miner.
According to Steve Yun, TVM Ventures' investment focus will be on new startups within the TON ecosystem, especially those that specialize in DeFi( decentralized finance) and PayFi( payment finance). Steve Yun said: As for DeFi, in