Open Platform Becomes First TON Unicorn With $70M Funding

The Open Platform, a leading tech company developing Web 3.0 innovations in Telegram, has achieved a significant milestone by becoming the first unicorn in the TON-based ecosystem within Telegram, reaching a $1 billion valuation. This accomplishment was made possible through the completion of its Series A and subsequent extension funding rounds, which raised a total of $70 million in funding.

The Series A funding round, which was extended, brought in $28.5 million. This round was led by Ribbit Capital, a prominent fintech and crypto investor, with participation from Pantera Capital. The investment underscores the strong confidence that leading investors have in the Open Platform’s ability to spearhead the growth of the blockchain ecosystem in Telegram. This ecosystem is built on TON Blockchain, a fully decentralized and highly scalable blockchain that serves as the exclusive blockchain partner of Telegram Messenger.

The Open Platform’s strategic focus is currently on geographical expansion. The involvement of prominent investors, along with the newly raised capital, will support the launch of TOP’s portfolio companies across the US, EU, and other key regions, aligning with TON Foundation’s global vision. This expansion will involve significant investment in go-to-market strategies, regulatory licensing, compliance infrastructure, and security enhancements, all aimed at ensuring sustainable growth and long-term success in these new jurisdictions.

Andrew Rogozov, CEO and founder of the Open Platform, highlighted the importance of this investment in supporting the long-term strategy to scale the adoption of blockchain-based products. By leveraging the power of Telegram as a distribution channel and combining it with TON Blockchain, the Open Platform is building both the infrastructure and the consumer-facing apps needed to onboard a billion users to crypto.

The Open Platform is driving the growth of the TON-based ecosystem within Telegram, developing both core infrastructure and consumer-facing apps across finance, gaming, and entertainment. Some of the notable products powered by the Open Platform include Wallet in Telegram, a digital asset solution seamlessly embedded into Telegram’s interface, Tonkeeper, TON’s leading non-custodial crypto wallet, STON.fi, the leading swap DApp on TON, Omniston, Getgems, TON’s foremost NFT marketplace, Tribute, a monetization platform for creators in Telegram, and Notcoin, a viral tap-to-earn game, among many others.

By integrating blockchain technology into everyday digital experiences, the Open Platform is creating a seamless, scalable platform designed for a billion users. This platform accelerates the mainstream adoption of crypto, expands global access to financial services, and enables a new generation of builders and developers to create the next wave of consumer DApps.

The latest investment from Ribbit Capital and Pantera Capital is a testament to the potential these investors see in the integration of blockchain technology into a messenger application with over a billion users. Micky Malka, founder of Ribbit Capital, expressed his support for the Open Platform’s vision of building an intuitive and open platform that enables a robust digital ecosystem to form within Telegram. Ryan Barney, partner at Pantera Capital, echoed this sentiment, highlighting the opportunity to support groundbreaking tech and financial products that reach one billion people.

TON Blockchain has been the subject of increased institutional interest throughout this year. In March 2025, TON Foundation announced that several leading investors, including Sequoia Capital, Ribbit Capital, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere, and Karatage, have acquired and now hold $400 million worth of Toncoin, signaling growing interest in the TON-based ecosystem in Telegram.