Dubai, United Arab Emirates, July third, 2025, Chainwire
The Open Platform raises $28.5M in Sequence A fairness funding spherical, showcasing investor confidence in TON’s ecosystem
- The fairness spherical was led by Ribbit Capital, a number one fintech and crypto investor, with Pantera Capital additionally collaborating.
- The funding underscores robust confidence in The Open Platform’s continued growth of the blockchain ecosystem in Telegram, being constructed on TON.
- The involvement of distinguished buyers and the raised capital will help the launch of TOP’s portfolio firms throughout the U.S., EU, and different key areas.
The Open Platform, the main tech firm creating TON-based improvements in Telegram, has introduced the completion of its Sequence A and subsequent extension funding rounds, reaching a $1 billion valuation and changing into the primary unicorn within the TON-based ecosystem in Telegram.
The Open Platform raised $28.5 million in an prolonged Sequence A funding spherical, led by Ribbit Capital, with Pantera Capital additionally collaborating. Together with this newest increase and former seed investments, The Open Platform has now secured over $70 million in whole funding. These investments display the boldness that main buyers have in The Open Platform’s capacity to spearhead the expansion of the blockchain ecosystem in Telegram. This ecosystem is being constructed on TON Blockchain – a totally decentralized and extremely scalable blockchain that’s the unique blockchain accomplice of Telegram Messenger.
The present strategic focus of The Open Platform facilities on geographical growth. The involvement of distinguished buyers, together with the newly raised capital, will help the launch of TOP’s portfolio firms throughout the U.S., EU, and different key areas — in alignment with TON Basis’s international imaginative and prescient. This growth will contain vital funding in go-to-market methods, regulatory licensing, compliance infrastructure, and safety enhancements, all aimed toward guaranteeing sustainable development and long-term success in these new jurisdictions.
Andrew Rogozov, CEO and Founding father of The Open Platform, stated, “This funding helps our long-term technique to scale the adoption of blockchain-based merchandise by leveraging the ability of Telegram as a distribution channel. By combining TON Blockchain with Telegram’s international attain, we’re constructing each the infrastructure and the consumer-facing apps wanted to onboard a billion customers to crypto.”
The Open Platform is driving the expansion of the TON-based ecosystem inside Telegram, constructing each core infrastructure and consumer-facing apps throughout finance, gaming, and leisure. Merchandise that The Open Platform has powered embrace Wallet in Telegram, a digital asset resolution seamlessly embedded into Telegram’s interface; Tonkeeper, TON’s main non-custodial crypto pockets; STON.fi, the main swap dApp on TON and the developer of a liquidity aggregation protocol, Omniston; Getgems, TON’s foremost NFT market; Tribute, a monetization platform for creators in Telegram; and Notcoin, a viral Faucet-to-Earn sport, together with many extra merchandise.
By integrating blockchain expertise into on a regular basis digital expertise, The Open Platform is making a seamless, scalable platform designed for a billion customers, accelerating the mainstream adoption of crypto — increasing international entry to monetary providers, and enabling a brand new technology of builders and builders to construct the following wave of client dApps.
This newest funding from Ribbit Capital, which has beforehand supplied early-stage funding to Coinbase, Nubank, and Revolut, amongst many others, and Pantera Capital, is a testomony to the potential these buyers see within the integration of blockchain expertise right into a messenger software with over a billion customers.
Micky Malka, Founding father of Ribbit Capital, stated, “We again groups that reimagine how the world experiences cash and expertise. The Open Platform’s imaginative and prescient of constructing an intuitive and open platform that permits a strong digital ecosystem to type inside Telegram — a platform utilized by a whole bunch of hundreds of thousands — opens a brand new frontier of alternatives for builders and customers on a world scale.”
“We’re thrilled to again this distinctive group led by Andrew. The chance to help groundbreaking tech and monetary merchandise that attain 1 billion folks is inspiring,” stated Ryan Barney, Companion at Pantera Capital. ”We’re excited to collaborate with the TOP group and strengthen our dedication to TON and Telegram’s ecosystems.”
TON Blockchain has been the topic of elevated institutional curiosity all through this yr. In March, TON Basis introduced that a number of main buyers, together with Sequoia Capital, Ribbit Capital, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere, and Karatage, have acquired and now maintain $400 million value of Toncoin, signaling rising curiosity within the TON-based ecosystem in Telegram.
About The Open Platform:
The Open Platform (TOP) is the main tech firm creating Web3 improvements in Telegram. TOP is fueling the Telegram economic system via each foundational infrastructure and consumer-facing apps. By integrating blockchain expertise into day-to-day digital expertise, TOP is constructing a seamless, scalable platform designed for a billion customers — accelerating the mass adoption of crypto.
For extra data, customers can go to: top.co
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Contact
Public Relations Supervisor
Anna Lebedeva
The Open Platform
a.lebedeva@high.group
The Open Platform is first unicorn in Web3 ecosystem in Telegram at $1bn valuation
