🚀 Steve Yun Launches TVM Ventures: A $100 Million Fund to Drive DeFi and PayFi

Steve Yun, former president of the TON Foundation, has launched TVM Ventures, a $100 million fund aimed at driving the widespread adoption of DeFi, PayFi, infrastructure, and security projects within the TON ecosystem.

Previously, Steve Yun has made substantial investments in TON in a personal capacity — this support has been significant to many creators and highly appreciated.

🪙 The abbreviation "TVM" stands for "TON Virtual Machine," which executes smart contracts on TON. The fund targets projects built on TVM, not only within the main TON mainnet but also across potential new workchains tailored for specific use cases.

The fund has emphasized as one of its key advantages TON's exclusive right to support Telegram's growing ecosystem of mini apps, which foster the development of mass-market services and products. Given this, can we await even more financial apps powered by TON in Apps Center?

📣 TVM Ventures has already invested in several TON-based startups, and the fund may play a key role in increasing the popularity of TON and its integration into everyday life.