BlockBeats · 2025-07-03
The Open Platform (TOP), a Telegram ecosystem development platform, has completed a $28.5 million Series A funding round, achieving a post-money valuation of $1 billion. The round was led by Ribbit Capital, with participation from Pantera Capital.
Key Details of the Funding Round
- Investment Amount: $28.5 million (5% equity stake).
- Total Funding to Date: Over $70 million.
- Focus Areas: Expansion into compliant Western markets and incubation of TON-based blockchain gaming/AI applications.
About The Open Platform
TOP is the core developer of The Open Network (TON), Telegram’s official blockchain. Its flagship product, the Telegram Wallet, is now available to users in Russia and Asia. Notably, this funding round did not include cryptocurrency components.
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FAQs
1. What is The Open Platform (TOP)?
TOP is a development platform building infrastructure for Telegram’s TON blockchain, including wallet solutions and dApps.
2. Who invested in this round?
Ribbit Capital led the round, with Pantera Capital joining as a participant.
3. How will the funds be used?
TOP plans to enter Western regulatory markets and support TON-based gaming/AI projects.
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Keywords
- Telegram blockchain
- The Open Network (TON)
- Ribbit Capital
- Pantera Capital
- Series A funding
- Crypto wallet
- Blockchain gaming
- AI applications
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