The Open Platform: $1B Valuation in TON Ecosystem
Dubai, United Arab Emirates, July 3rd, 2025, Chainwire
The Open Platform Reaches $1 Billion Valuation
The Open Platform (TOP), a prominent technology company building on the TON blockchain within Telegram, announced the closing of its extended Series A funding round, securing $28.5 million and achieving a $1 billion valuation. This makes TOP the first unicorn in Telegram's TON-based ecosystem.
Series A Funding and Investor Confidence
The round was led by Ribbit Capital, a prominent investor in fintech and crypto, with participation from Pantera Capital. This investment, alongside previous seed funding, brings TOP's total funding to over $70 million. This significant investment highlights strong confidence in TOP's ability to drive growth within Telegram's blockchain ecosystem built on the TON blockchain—a fully decentralized and scalable blockchain, and the exclusive blockchain partner of Telegram Messenger.
Global Expansion and Strategic Focus
TOP's strategic focus is on global expansion. The new funding will fuel the launch of TOP's portfolio companies in the U.S., EU, and other key regions, aligning with the TON Foundation's global vision. This expansion includes investments in go-to-market strategies, regulatory compliance, and security enhancements.
Andrew Rogozov, CEO and Founder of The Open Platform, stated, "This investment supports our long-term strategy to scale the adoption of blockchain-based products leveraging Telegram's vast user base. By combining TON Blockchain with Telegram's global reach, we're building the infrastructure and consumer-facing apps needed to onboard billions of users to crypto."
Key Portfolio Companies
TOP is developing both core infrastructure and consumer-facing applications across finance, gaming, and entertainment. Its portfolio includes:
- Wallet in Telegram (digital asset solution)
- Tonkeeper (leading non-custodial wallet)
- STON.fi (leading TON swap dApp)
- Getgems (TON's leading NFT marketplace)
- Tribute (creator monetization platform)
- Notcoin (Tap-to-Earn game)
By seamlessly integrating blockchain technology into everyday digital experiences, TOP aims to accelerate mainstream crypto adoption, expanding access to financial services and empowering developers to build the next generation of decentralized applications (dApps).
Investor Quotes
Micky Malka, Founder of Ribbit Capital, commented, "We back teams reimagining how the world experiences money and technology. The Open Platform's vision of building an intuitive and open platform within Telegram opens new opportunities for builders and users globally."
Ryan Barney, Partner at Pantera Capital, added, "We're thrilled to back this exceptional team. The opportunity to support groundbreaking tech and financial products reaching billions is inspiring. We're excited to collaborate with TOP and strengthen our commitment to TON and Telegram's ecosystems."
About The Open Platform
The Open Platform (TOP) is a leading technology company developing Web3 innovations within Telegram. TOP fuels the Telegram economy through both foundational infrastructure and consumer-facing applications, building a scalable platform designed for billions of users.
Learn more at: top.co