Atomic Wallet on its website linked the TON ownership to the Durov brothers, an August 16, 2024 piece titled, “What is Toncoin (TON)”

“In 2018, the Durov brothers, Nickolai and Pavel, aimed for an effective blockchain to support the massive users on Telegram. Along these lines, they launched a GRAM project after a total sum of $1.7 billion (about $5 per person in the US) was raised through a private ICO.

“After the money had been raised, the main components of the blockchain, together with the white paper, were developed. In 2019, the Ton network, previously known as Gram, was launched as a test in preparation for the main launch,” it wrote.