Coinbase Ventures has acquired an undisclosed amount of Toncoin (TON) directly from Telegram, the TON Foundation said in a statement dated 11 August. The purchase puts the venture arm of Coinbase alongside early backers Sequoia Capital, Ribbit Capital and Benchmark, which together have committed more than $400 million to The Open Network’s Telegram-linked blockchain ecosystem. The foundation described Coinbase’s entry as a "significant vote of confidence" in a network that seeks mass adoption through Telegram’s global user base. Momentum around TON continued as Verb Technology, a Nasdaq-listed marketing software provider, disclosed it had raised $558 million to begin accumulating Toncoin as its primary treasury asset. Verb joins a growing list of institutional investors positioning around the token as development on the network accelerates. Separately, Coinbase said on 12 August that it has added WalletConnect Token (WCT) to its listing roadmap, signalling an intention to list the asset once liquidity and compliance standards are met. WCT governs the WalletConnect protocol, an open-source standard developed by Reown to enable secure connections between cryptocurrency wallets and decentralised applications.