According to a filing with the U.S. Securities and Exchange Commission (SEC), Pantera Capital, a prominent crypto investment firm, raised $20 million to invest in Toncoin (TON) from The Open Network, a blockchain project linked to the Telegram messaging app.

The SEC document reveals that Pantera Capital secured funds from at least 29 investment firms through two separate funds, with the first fundraising round taking place in July. Both funds were officially approved on November 27. This follows Pantera's fundraising efforts started in June, with a minimum investment of $250,000.

Earlier in May, Pantera disclosed an undisclosed amount invested in TON, marking the largest investment in its history. Despite legal challenges faced by Telegram's CEO, Pavel Durov, Pantera’s optimism for TON reflects the ongoing excitement within the crypto community.