TON builder The Open Platform raises $28.5 million, reaches $1 billion valuation in extended Sequence A

House » Ecosystem » TON builder The Open Platform raises $28.5 million, reaches $1 billion valuation in extended Sequence A

Original capital will likely be stale to expand into fresh markets whereas constructing infrastructure and onboarding mainstream users to digital resources by Telegram.

The Open Platform (TOP), a endeavor builder and accelerator centered on supporting decentralized suggestions and blockchain initiatives in the TON blockchain ecosystem, has secured $28.5 million in a long Sequence A funding spherical.

The elevate boosts TOP’s valuation to $1 billion, making it one amongst the TON-centered startups to rep unicorn distress.

We’re proud to alter into the fundamental unicorn in Web3 ecosystem in Telegram, reaching a $1B valuation in doubtlessly the most up-to-date equity funding spherical.

This milestone used to be made doable thanks to belief of @RibbitCapital and @PanteraCapital.

“This investment helps our prolonged-term technique to scale… pic.twitter.com/VCUC1TcXTS

— The Open Platform (@topdotco) July 3, 2025

Led by Ribbit Capital and joined by Pantera Capital, the elevate gives investors spherical 5% equity in the company. No tokens contain been issued as segment of the spherical, acknowledged TOP CEO Andrew Rogozov. The Abu Dhabi–basically basically based company has now raised over $70 million so a ways.

TOP is the predominant builder in the lend a hand of Wallet in Telegram, the integrated crypto wallet for Telegram’s formally counseled blockchain.

The fresh capital will toughen the agency’s wallet expansion efforts in the US, EU, and other regions, with a spotlight on sail-to-market suggestions, regulatory licensing, compliance, and infrastructure construction. The wallet is already live in regions be pleased Russia and Asia.

The fresh fund will furthermore be stale to incubate other TON-basically basically based initiatives, in conjunction with blockchain games and AI suggestions.

“This investment helps our prolonged-term technique to scale the adoption of blockchain-basically basically based merchandise by leveraging the vitality of Telegram as a distribution channel,” acknowledged Rogozov in a assertion. “By combining TON blockchain with Telegram’s world attain, we’re constructing both the infrastructure and the user-facing apps wished to onboard a billion users to crypto.”