Fresh Capital to Drive Global Expansion and Blockchain Adoption Through Telegram
The Open Platform (TOP), a leading venture builder supporting decentralized applications on the TON blockchain, has secured $28.5 million** in an extended Series A funding round, achieving a **$1 billion valuation. This milestone establishes TOP as the first unicorn in Telegram’s Web3 ecosystem.
Key Highlights
- $28.5 million raised with participation from Ribbit Capital and Pantera Capital.
- Funds will accelerate global expansion, infrastructure development, and user onboarding via Telegram.
- Focus on scaling Wallet in Telegram, regulatory compliance, and incubating TON-based projects like blockchain games and AI apps.
Funding Details and Strategic Vision
The investment grants equity holders approximately 5% stake, with no tokens issued during the round. TOP CEO Andrew Rogozov emphasized the company’s mission:
"By combining TON blockchain with Telegram’s global reach, we’re building the infrastructure and consumer apps needed to onboard a billion users to crypto."
With over $70 million raised to date, TOP plans to:
- Expand Wallet in Telegram into the US, EU, and other markets, prioritizing licensing and compliance.
- Develop infrastructure to support mainstream adoption of digital assets.
- Incubate TON ecosystem projects, including gaming and AI innovations.
👉 Discover how TON blockchain integrates with Telegram
FAQs
What is The Open Platform (TOP)?
TOP is a venture builder accelerating decentralized applications on the TON blockchain, leveraging Telegram’s 800M+ user base for mass adoption.
How will the funding be used?
The capital will fuel market expansion, regulatory efforts, and ecosystem development, including Wallet in Telegram and TON-based projects.
What makes TOP unique?
As the first Telegram Web3 unicorn, TOP bridges blockchain infrastructure with Telegram’s distribution power, targeting 1B+ crypto users.
👉 Explore TON blockchain’s potential
Conclusion
This funding round marks a pivotal step toward mainstream crypto adoption through Telegram’s ecosystem. By focusing on scalable infrastructure and user-friendly applications, TOP aims to position TON as a leader in Web3 innovation.
Stay updated on TOP’s developments as they redefine blockchain accessibility.