AlphaTON Capital Acquires $100M TON Tokens, Appoints Brittany Kaiser CEO

AlphaTON Capital Corp., formerly Portage Biotech Inc., has rebranded and shifted its strategic focus to digital assets by committing approximately $100 million to acquire Toncoin (TON), the native token of the Telegram Open Network. The company aims to operate as a specialized treasury firm managing TON network infrastructure and incubating Telegram-native applications, positioning itself at the intersection of traditional finance and blockchain technology. AlphaTON will trade under the ticker ATON starting September 4, 2025, and has secured funding through a mix of private placements and a $35 million loan facility from BitGo to accelerate token acquisition and staking activities. Brittany Kaiser, an expert in data rights and blockchain policy, has been appointed CEO, while Enzo Villani will serve as Executive Chairman and CIO, underscoring the company’s commitment to bridging digital assets with institutional finance. This move highlights growing institutional confidence in TON and Telegram’s blockchain ecosystem, which boasts over a billion users, signaling a significant development in the integration of traditional financial instruments with the crypto space. Despite its pivot to digital assets, AlphaTON has a background in immune oncology treatments but now prioritizes exposure to the expanding TON ecosystem for its shareholders.