AlphaTON Capital, a Nasdaq-listed TON token treasury firm, has filed a $420.69 million shelf registration with the U.S. SEC. The filing aims to accelerate the company’s expansion across Toncoin, Telegram mini-apps, and the newly launched Cocoon AI network.
The company said that the funding will go towards expansion into AI infrastructure, high-performance computing, and acquisitions. AlphaTON cited the raise as an important part of scaling the business, which is growing due to the demand for decentralized AI and blockchain applications worldwide.
Wu Blockchain noted that AlphaTON has transferred most of its assets to Toncoin and has also increased staking. ATON has also integrated Nvidia B200 GPUs into the Cocoon AI network, showing a commitment to enabling AI calculation on The Open Network.
The expansion comes as TON’s ecosystem experiences rising institutional interest, driven by strong mini-app adoption, developer activity, and increased integration of artificial intelligence. ATON’s onboarding is an indication of TON’s prospects, given the acceleration of new users on financial applications and AI technology.
CEO Brittany Kaiser said exiting the SEC’s baby-shelf restrictions marks a major milestone for ATON. She emphasized that the new shelf registration provides greater flexibility to deploy capital quickly and pursue transformative opportunities across AI, payments, and blockchain-enabled tools within the TON ecosystem.
ATON has identified several promising targets, including companies operating within the distribution of content and the provision of decentralized services. The company has planned to increase the TON treasury and exposure to associated digital assets to develop a stronger strategic position within growing sectors of Web3.
The company has recently renewed its agreement to buy 60% of the mobile gaming platform GAMEE for $15 million. Moreover, it also has the option to buy GMEE and Watcoin tokens on the open market. ATON also intends to launch TON Mastercard, co-branded with PagoPay and ALT5 Sigma, by December.
Cocoon, which is a Confidential Compute Open Network by Telegram, has been launched recently on the TON blockchain. The service pays users Toncoin for lending GPUs to respond to AI queries. ATON has placed several Nvidia B200 GPUs on the Cocoon service, which gives it another income source and reinforces ATON’s involvement with decentralized AI compute.
Also Read | Solana (SOL) Eyes Breakout: Critical $144 Target May Unlock $170 Soon


