The creators of Telegram Pavel and Nikolai Durov filed a “Notice of Exempt Offering of Securities” in the Commission on securities and stock exchanges of the USA (SEC) which said they managed to raise 850 million US dollars from 81 investor for the “development and support of blockchain TON for Telegram messenger”.
Securities specified in the notice to the SEC, describes how acquired in the framework of the “Agreement to purchase cryptocurrency”. Among U.S. investors were accredited investors, i.e. those who invested over 1 million or have an annual income exceeding $ 200,000 in the USA. This is necessary in order not to register the tokens as securities with the SEC.
January 29 this year, held the first sale in the ICO. By submitting an application to the SEC, the film obviously wants US citizens was legal the opportunity to invest in this project, and it is very likely that among these 81 investors already are citizens of the United States.
Despite the fact that in the application of the SEC not specified not one of the investors, the Russian newspaper “Vedomosti” published the names of some of them, citing internal sources.
In the list of “sheets” present, Russian billionaire Roman Abramovich, who according to “Vedomosti” has invested in the project up to $ 300 million, although other sources claim that the amount is 20 million dollars. Sergey Solonin, CEO, Russian payment service provider QIWI has also invested 17 million dollars, and David Yakobashvili, co-founder of Russian dairy company Wimm-Bill-Dann, has invested $ 10 million.
According to rumors, ICO Telegram is in the process of development from December 2017, and in mid-January, the press got a whitepaper TON, but the authenticity of this document has not been confirmed.
In a statement to the SEC Durov calls two of the Issuer’s securities: TON Emirates Inc. and Telegram Group Inc., registered in the British virgin Islands. In the section “Connected persons” Pavel Durov is listed as Executive Director and Director, and his brother Nicholas just included in the list of Executive Directors.
A source familiar with the financing process TON, told “Vedomosti” that the process was not similar to a normal ICO, when the tokens are purchased for the project of cryptocurrency, usually (BTC) or Ethereum (ETH). The process was more like “a private placement of securities with the use of Fiat money”.
According to the same source, and in accordance with the submitted application, investors bought the right to internal cryptocurrency TON, under the name of “Grams” which will be circulated to them after the launch of the platform.