Telegram's Blockchain Arm Reaches Unicorn Status with $1 Billion Valuation

The Open Platform, a blockchain developer, has raised $28.5 million in Series A funding, valuing the company at $1 billion. The funding will fuel expansion into Western markets, development of Telegram-native blockchain apps, and compliance efforts. The company has seen 15 million wallets created through Telegram, driven by its user-friendly Telegram Wallet. The Open Platform aims to onboard a billion users into crypto by embedding blockchain within everyday mobile experiences.