Portage Biotech, renamed AlphaTON Capital, launches TON digital asset treasury

AlphaTON Capital (ATON), formerly Portage Biotech (PRTG), announced a financing to acquire about $100M TON tokens and establish a specialized digital asset treasury company dedicated to building a strategic TON reserve and “providing public markets access to Telegram’s rapidly expanding ecosystem of more than a billion monthly active users.” The company stated: “AlphaTON Capital is executing a treasury strategy focused on acquiring TON, managing network infrastructure, and incubating leading applications within Telegram’s ecosystem. This strategic initiative represents the company’s commitment to supporting the growth of open-source, decentralized applications and infrastructure, while providing shareholders with exposure to one of the fastest-growing segments of the social media and digital asset markets.” The new ticker symbol “ATON” is effective as of the opening of the market on September 4 and initial financing to acquire about $100M TON tokens and start the corporate treasury is expected to close on or about September 5, the company noted. Enzo Villani, Founder and CEO of Alpha Transform Holdings, who will join the company as Executive Chairman and Chief Investment Officer, commented: “We are witnessing the natural evolution of financial markets as traditional finance converges with digital assets and blockchain infrastructure. The integration of platforms like Telegram with blockchain represents one of the most significant market opportunities since the introduction of Bitcoin. By bridging traditional markets with this emerging ecosystem, we are positioning our shareholders to participate in the next major phase of digital asset adoption.”