Dubai, United Arab Emirates — The Open Platform (TOP) has achieved unicorn status with a $1 billion valuation after securing $28.5 million in a Series A funding round led by Ribbit Capital, with participation from Pantera Capital. This milestone solidifies TOP’s position as the premier developer of TON-based innovations within Telegram’s thriving Web3 ecosystem.
Key Highlights of the Funding Round
- Lead Investor: Ribbit Capital (backer of Coinbase and Revolut) spearheaded the round, joined by Pantera Capital.
- Total Funding: Over $70 million raised to date, including seed investments.
- Strategic Focus: Expansion into the U.S., EU, and other regions through portfolio company launches.
- TON Ecosystem Growth: Strengthens Telegram’s blockchain infrastructure built on TON (The Open Network).
Why This Investment Matters
The funding underscores institutional confidence in TOP’s mission to merge Telegram’s 1-billion-user reach with TON Blockchain’s scalability. According to CEO Andrew Rogozov:
👉 Discover how Telegram is reshaping crypto adoption
"By combining TON with Telegram’s distribution power, we’re building the infrastructure and apps to onboard a billion users to crypto."
— Andrew Rogozov, CEO & Founder, The Open Platform
Products Powering Telegram’s Web3 Economy
TOP’s portfolio includes flagship projects like:
- Wallet in Telegram: Native digital asset solution.
- Tonkeeper: Leading non-custodial TON wallet.
- STON.fi: Top decentralized exchange on TON.
- Notcoin: Viral "Tap-to-Earn" game with millions of users.
These innovations exemplify TOP’s strategy to embed blockchain into everyday digital experiences, from finance to gaming.
Investor Insights
Ribbit Capital’s Micky Malka:
"TOP’s vision opens a new frontier for global builders within Telegram’s massive user base."
Pantera Capital’s Ryan Barney:
"Supporting products that reach 1 billion people aligns with our commitment to TON’s ecosystem."
TON’s Rising Institutional Appeal
Earlier this year, TON Foundation reported $400 million in Toncoin acquisitions by investors like Sequoia Capital and Benchmark, signaling growing interest in Telegram’s Web3 potential.
FAQ Section
1. What is The Open Platform’s role in Telegram’s ecosystem?
TOP develops foundational blockchain infrastructure and consumer apps (e.g., wallets, DEXs) to drive crypto adoption via Telegram.
2. How does TON Blockchain integrate with Telegram?
TON serves as Telegram’s exclusive blockchain partner, offering scalability for high-volume dApps.
3. What regions will TOP expand into next?
The U.S. and EU are priority markets, with investments in compliance and localized go-to-market strategies.
4. Which investors backed TOP’s Series A?
Ribbit Capital (lead) and Pantera Capital, both renowned for fintech and crypto investments.
5. What makes Telegram a unique platform for Web3?
👉 Explore Telegram’s role in decentralized apps
With 1 billion+ users, Telegram provides unparalleled distribution for blockchain-based products.
6. How does TOP’s valuation compare to other Web3 startups?
The $1 billion valuation positions TOP as a leader in messaging-app-integrated Web3 solutions.
About The Open Platform
TOP accelerates mainstream crypto adoption by merging Telegram’s reach with TON Blockchain’s infrastructure. Learn more at top.co.
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Contact:
Anna Lebedeva
Public Relations Manager
[email protected]