The Open Platform, a pioneering tech company driving TON-based innovations within Telegram, has secured $28.5 million in Series A funding**, achieving a **$1 billion valuation—making it the first unicorn in the TON ecosystem. Led by Ribbit Capital with participation from Pantera Capital, this round brings total funding to over $70 million, reinforcing investor confidence in its mission to expand Telegram’s blockchain infrastructure.
Key Achievements and Strategic Vision
Funding Milestone:
- Series A raised $28.5M**, with a post-money valuation of **$1B.
- Total funding exceeds $70M, including prior seed rounds.
Investor Backing:
- Ribbit Capital (lead investor) and Pantera Capital spearheaded the round, citing TOP’s potential to merge blockchain with Telegram’s billion-user reach.
Geographical Expansion:
- Funds will fuel launches in the U.S., EU, and other key markets.
- Focus areas: regulatory compliance, security enhancements, and go-to-market strategies.
Leadership Insight:
Andrew Rogozov, CEO:
“We’re leveraging Telegram’s distribution to scale blockchain adoption. Combining TON’s infrastructure with Telegram’s reach allows us to onboard a billion users to crypto.”
TOP’s Ecosystem Innovations
The Open Platform has developed flagship products, including:
- Wallet in Telegram: Embedded digital asset solution.
- Tonkeeper: Leading non-custodial TON wallet.
- STON.fi: Top swap dApp and liquidity protocol (Omniston).
- Getgems: Premier TON NFT marketplace.
- Notcoin: Viral Tap-to-Earn game.
These tools aim to simplify crypto access, enabling mainstream adoption and empowering developers to build next-gen dApps.
Institutional Confidence in TON Blockchain
- March 2025: TON Foundation announced $400M in Toncoin acquisitions by investors like Sequoia Capital, Benchmark, and Draper Associates.
Ribbit Capital’s Micky Malka:
“TOP’s vision unlocks global opportunities within Telegram’s massive user base.”
Pantera Capital’s Ryan Barney:
“Backing TOP aligns with our commitment to TON and Telegram’s transformative ecosystems.”
FAQ Section
Q1: What makes The Open Platform a unicorn?
A: Its $1B valuation from Series A funding, a first for TON-based projects.
Q2: How will the funding be used?
A: For U.S./EU expansion, compliance, and product scaling.
Q3: Which products does TOP offer?
A: Wallet in Telegram, Tonkeeper, STON.fi, and more—all integrating crypto into Telegram.
👉 Discover how TON Blockchain is revolutionizing Telegram
Q4: Why invest in TON now?
A: Growing institutional interest (e.g., $400M in Toncoin holdings) signals ecosystem maturity.
👉 Explore TOP’s investor-backed roadmap
By bridging Telegram’s reach with TON’s scalability, The Open Platform is poised to redefine mass-market crypto adoption—ushering in a new era of decentralized finance and digital innovation.