Telegram’s Crypto Unicorn �*

TOP hits 1B valuation as TON becomes the Web3 gateway for a billion users

🧠 What Just Happened?

The Open Platform (TOP) — the devs behind Telegram’s integrated crypto wallet — just became the first unicorn in the TON ecosystem, hitting a 1 billion valuation after a 28.5M Series A raise.

No tokens involved. Just equity. And the message is loud and clear: Web3 mass adoption will ride through Telegram.

💸 Who’s Betting on This?

The funding round was led by Ribbit Capital (≈4%) and joined by Pantera Capital (≈1%), pushing TOP past the unicorn line. Other big names in the cap table:

• Vy Capital — OG TON backer with deep Dubai roots
• Kingsway Capital — 5B AUM fund, major Toncoin holder
• Dmitry Eremeev — early crypto investor
• Kevin Hu — formerly of Brevan Howard

And yes, this round pushes TOP’s total raise over 70 million.

📱 From ICO Fallout to Wallet Comeback

Telegram’s first dance with TON in 2018 ended in SEC drama and a 1.7B refund.

But the rebound has been wild:

• Telegram re-adopted TON in 2023
• The Wallet is now baked into the Telegram app
• It’s live in Russia, SEA, and other non-U.S. regions
• Sending crypto = sending a message

TOP, based in Abu Dhabi, is now the engine powering this whole experience.

🛠️ What TOP Is Actually Building

TOP is more than just a wallet dev shop. Their roadmap includes:

• U.S. & EU expansion of the Telegram Wallet (yes, with real compliance)
• Launching TON-native Web3 games and AI services
• Incubating builders for the TON ecosystem
• Bridging Telegram’s 1B users to Web3 — one tap at a time

They’re not building dApps. They’re building a Web3 superhighway inside the world’s most viral messaging platform.

🌎 Why This Unicorn Actually Matters

TOP isn’t just a hype machine. This is infrastructure meets distribution at scale:

• TON is no longer a “ghost chain”
• Telegram is pushing TON into everyday UX
• Investors are stacking Toncoin — over 400M by major VCs
• Real-world wallet usage is happening… outside the U.S.

This could be Web3’s iPhone moment — but it’s Telegram.

TL;DR

• 🦄 TOP hits 1B valuation after a 28.5M raise
• 🧱 They power Telegram’s crypto wallet and TON’s app layer
• 🌍 Expansion targets U.S., Europe, and global retail
• 💼 Backed by Ribbit, Pantera, Kingsway, Vy Capital
• 🧠 The bet? Telegram is Web3’s biggest distribution channel
• 🚀 TON is no longer a niche chain — it’s going mainstream fast

Mass adoption isn’t coming. It’s embedded in your DMs. → https://top.org | https://ton.org