Crypto venture capital firm Pantera is raising money for a new fund to invest specifically in The Open Network's Toncoin (TON), doubling down on its prior bet on the token.

Dubbed the "Pantera TON Investment Opportunity," the fund aims to raise capital to buy more TON tokens, according to an email seen by The Block that Pantera sent to potential investors earlier this week. "We are inviting you to participate in the upcoming round of this investment opportunity," the email reads.

Interested parties have been requested to indicate their interest in the opportunity through a form by June 21 to secure an allocation in the fund. The form notes that the minimum investment per backer is $250,000.

Pantera declined to comment to The Block when contacted.

Pantera is betting big on TON

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