Telegram Files With SEC to Offer Securities for Blockchain Project

Telegram’s founders, the Durov brothers, have filed the necessary papers with the American SEC to offer securities for development of the TON Blockchain

Sat, 02/17/2018 - 18:02

Telegram Files With SEC to Offer Securities for Blockchain Project

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Telegram’s founders, the Durov brothers, have filed the necessary papers with the SEC to offer securities for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.” According to the documents, the brothers have already raised over $800 mln from more than 80 investors. The SEC filing paves the way for accredited US investors (those with over $1 mln in assets) to purchase the securities.

#Telegram Open Network (TON) News

About the author

Darryn Pollock

Darryn Pollock is an award winning journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach. He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.