TON

Formerly Verb Technology, a small US software company, this business rebranded as TON Strategy Company in 2025 and adopted the ticker TONX. The pivot was dramatic: backed by a private placement of more than half a billion dollars, it converted itself into a digital-asset treasury built around Toncoin, the cryptocurrency of The Open Network. That network is the blockchain tied to the Telegram messaging app, and TON Strategy's plan is to accumulate and stake Toncoin, effectively giving public-market investors an equity-wrapped way to own the token. That makes the stock a proxy for Toncoin's price and for staking yields rather than a traditional operating company. Its fate depends almost entirely on the value of its crypto holdings and the health of the TON ecosystem, which puts it among the more speculative treasury vehicles trading today.

On MyRWA, TONX trades tokenized across 3 on-chain venues - see the listings below.