In a groundbreaking development for the blockchain and cryptocurrency sector, The Open Platform (TOP), a key developer of tools for Telegram Messenger's blockchain ecosystem, has raised $28.5 million in a Series A equity funding round. This significant investment has propelled TOP to a $1 billion valuation, earning it the status of the first unicorn in Telegram's Web3 ecosystem.
The funding round, led by Ribbit Capital, a prominent fintech and crypto investor, also saw participation from Pantera Capital. TOP's focus on enhancing Telegram's blockchain capabilities, including its integrated crypto wallet, has garnered strong investor confidence in the potential of The Open Network (TON) ecosystem.
With this fresh capital, TOP aims to expand its services into key Western markets such as the US and Europe. The funds will be utilized to scale wallet tools, develop AI applications, and ensure compliance with regional regulations, further solidifying Telegram's position as a hub for blockchain innovation.
Telegram, with its massive user base of over 700 million users, provides a fertile ground for integrating blockchain technology and cryptocurrency solutions. TOP's advancements are set to bridge the gap between traditional messaging platforms and cutting-edge Web3 applications.
The milestone achievement was announced on July 3, 2025, from Dubai, United Arab Emirates, highlighting the global interest in Telegram's blockchain initiatives. This funding round marks a pivotal moment for TOP as it continues to innovate within the TON ecosystem.
As the cryptocurrency and blockchain industries evolve, TOP's success signals a growing trend of integrating decentralized technologies into mainstream platforms. This development is expected to inspire further investment and innovation in the Web3 space.
Maria Lourdes
