TON618 Capital

TON618 Capital is a research-driven Bitcoin and technology fund, named for TON 618 — an ultramassive black hole powering one of the most luminous quasars known. The Fund publishes its research free to read at ton618capital.com/ton618-research. TON618 Capital is not affiliated with The Open Network (TON) blockchain, Toncoin, any digital token using the TON618 name, or any other firm named TON 618.

Important Disclosures

Information only. TON618 Capital. This site and all research on it are for information purposes only. Nothing here is an offer to sell or a solicitation of an offer to buy any security, fund interest, or digital asset, and nothing here is personalized investment advice or a recommendation regarding any instrument.

Publisher’s exclusion. All research is published solely as general, impersonal information of regular circulation. It is not tailored to the objectives or circumstances of any individual and is not issued in connection with compensation from any client. The Fund has no clients and distributes all research free of charge. On that basis it publishes in reliance on the publisher’s exclusion from the definition of “investment adviser” under the Investment Advisers Act of 1940 (§202(a)(11)(D); cf. Lowe v. SEC, 472 U.S. 181 (1985)).

Registration & conflicts. TON618 Capital is not registered as an investment adviser or broker-dealer in any capacity. The Fund is a Bitcoin fund and may hold or transact in the securities or digital assets it discusses; material conflicts are disclosed where they exist. The Fund receives no compensation from any party in connection with its research.

Use of AI. Artificial intelligence is used in the creation of this research. All methodology and data integrity are reviewed and approved before publication by TON618 Capital’s Chief Investment Officer, Keyth Beck; errors may nonetheless occur, and readers should verify independently.

CFA. TON618 Capital research is prepared to align with CFA Institute analytical standards (methodology only). CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. That reference describes the analytical framework applied; it does not imply the research was prepared, reviewed, or authored by a CFA charterholder, and it is not issued, reviewed, endorsed, certified, or approved by — nor affiliated with — CFA Institute.

Risk & feedback. Past performance is not indicative of future results. Digital assets and equities are volatile and may result in total loss of capital. Corrections and feedback are welcome — please direct them to CIO Keyth Beck at keyth@ton618capital.com.